Need to Know: Gene Munster maps Apple stock's path to $350 — a 75% rise
The first day of trading for May could kick off with more records for U.S. stock indexes, thanks to Apple, which pulled another rabbit out of the earnings hat on Tuesday.
For now, though, the enthusiasm is all about Apple AAPL, -1.93% , which may regain its status as a $1 trillion company, after forecast-beating results and upbeat revenue targets.That brings us to our call of the day from the founder of the venture-capital firm Loup Ventures, Gene Munster, who cautions investors against underestimating Apple’s ability to pull off future earnings success.
Apple has done its share of lifting in the tech rebound that has led the overall stock market rally this year. Its shares are up 27% so far this year, less than Facebook and Netflix, but outpacing Google-parent Alphabet GOOGL, -7.50% , whose stock tumbled 7.5% on Tuesday, their biggest drop since 2012, after a surprise earnings miss.
The chart Oil prices were mostly lower Wednesday, after an attempt to oust Venezuela’s dictator Nicolás Maduro appeared to fizzle out, by some reports. Opposition leader Juan Guaidó had called for a military uprising on Tuesday. The buzz Microsoft MSFT, +0.64% shares closed with a market value atop $1 trillion on Tuesday— something only that tech giant and Apple have managed thus far. Amazon AMZN, -0.61% has hit that $1 trillion mark, but only in intraday trading.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Report: Apple Is One Of Amazon's Biggest Customers, Spending Over $350 Million Per YearApple is one of Amazon's biggest customers
Lire la suite »
Apple is an 'earnings powerhouse,' says tech investor Gene MunsterInvestors aren't appreciating just how well Apple will do in the coming years, says Loup Ventures' Gene Munster.
Lire la suite »
American Airlines to take $350 million hit from 737 MAX groundings, shares fallAmerican Airlines Group Inc cut its 2019 profit forecast on Friday, saying it ex...
Lire la suite »
American Airlines expects to lose $350 million because of 737 Max groundingAmerican Airlines executives said Friday morning that they expect the continued ground of its Boeing 737 Max fleet to cost the company $350 million in 2019 income. The grounding as well as other factors cost the Southwest Airlines more than $200 million in revenue.
Lire la suite »
‘Avengers: Endgame’ shatters box-office records with a $1.2 billion global debutThe latest Marvel film grossed $350 million domestically, massively blowing past industry projections.
Lire la suite »
In streaming wars, Apple says it can coexist with NetflixFar from being a Netflix Inc killer, Apple Inc envisions its forthcoming Apple T...
Lire la suite »
'Avengers: Endgame' obliterates records with $1.2 billion global debutThe opening weekend of 'Avengers: Endgame' demolished box office records with a stunning $350 million in North America and $1.2 billion worldwide.
Lire la suite »
Box Office: 'Avengers: Endgame' Nabs Galactus-Sized $1.2 Billion Opening'Avengers: Endgame' shattered the bounds of realistic opening weekend predictions this weekend, with a towering $350 million domestic and $1.2 billion in its global debut
Lire la suite »
'Avengers: Endgame' obliterates records with $1.2B openingJUST IN: 'Avengers: Endgame' has shattered the record for biggest opening weekend with an estimated $350 million in domestic ticket sales and $1.2 billion globally.
Lire la suite »