Stocks trade higher after U.S. Federal Reserve keeps interest rates unchanged

“Stocks rose on Wednesday, May 2, after the Federal Reserve decided to keep interest rates unchanged and as shares of Apple Inc. rose after the tech giant reported stronger-than-expected fiscal second-quarter earnings on Tuesday,” Joseph Woelfel reports for TheStreet. “The Dow Jones Industrial Average was up 34 points, or 0.14%, shortly after the Fed released its decision at 2 p.m. ET. The S&P 500 was up 0.05% and the Nasdaq was up 0.40%.”

“The private sector added 204,000 jobs in April, according to the ADP National Employment Report, which is a precursor to the official U.S. jobs report that will be released on Friday, May 4,” Woelfel reports. “Apple was rising [5.05%] on Wednesday after the iPhone giant beat revenue and earnings expectations for its second fiscal quarter, and assuaged fears of low iPhone demand.”

“The company earned $2.73 a share on revenue of $61.1 billion, ahead of forecasts of earnings of $2.67 a share on revenue of $60.82 billion,” Woelfel reports. “Apple also announced that it was raising its quarterly dividend by 16% and announced a new $100 billion share buyback plan.”

Read more in the full article here.

MacDailyNews Take: AAPL is back within shouting distance of a new all-time high.

We refer to [the current climate of negative speculation], internally, as “Back up the Truck” season. — MacDailyNews Take, April 28, 2018

So, how did the Apple analysts perform in Q218? – May 2, 2018
When it comes to Apple’s iPhone X sales, Wall Street got it wrong – May 2, 2018
Why was iPhone X so successful at $999 despite a slew of fake news? – May 2, 2018
Uh, yeah, about those iPhone X ‘concerns’ from analysts: Never mind – May 1, 2018
Apple beats Street with best Q2 ever – May 1, 2018
Apple’s iPhone X isn’t selling well – or is it? – April 21, 2018
Apple’s iPhone X to be discontinued this year, analyst claims – April 20, 2018
Morgan Stanley: Apple stock may fall on ‘materially’ weaker iPhone sales – April 20, 2018
Apple’s iPhone X sales continue to disappoint, some analysts say – March 22, 2018
Ignore the iPhone X naysayers – March 10, 2018
Will the naysayers admit they were wrong about Apple’s iPhone X? – February 5, 2018
Do iPhone X sales spell trouble for Apple? – January 30, 2018
Apple supplier says report of iPhone X production cuts was overstated – January 30, 2018
Another January, another misleading iPhone supply cuts story from Nikkei – January 29, 2018
Apple stock drops after Nikkei report of iPhone X production cut – January 29, 2018
Reports of Apple cutting iPhone X orders make no sense – January 2, 2018
Apple stock tumbles on one poorly-sourced report of low iPhone X demand – December 26, 2017
Apple and suppliers shares drop on report of weak iPhone X demand – December 26, 2017


  1. AND ONCE AGAIN……… Here COMES the FUD!!

    By Stephen Nellis

    (Reuters) – Apple Inc is betting on services such as app downloads and music subscriptions to help drive growth as the cell phone market matures, but the company faces tough competitors and potentially low profit margins in some of its target areas.

    Won’t these BOZOS ever quit?

  2. Mdn…. All time hign and then some ….. The buy back alone should take the stock to 200 + ..
    Add in earnings growth ….. and bit higher PE (hopefully market will be less fearful given the diversification of Apple’s earnings )
    And we should be well above 200 in a year .

    No slipups Apple Pleeeeaaaazzzzeeeee 🙏🙏🙏

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