Here's what Apple stock typically does after big announcements
Apple stock often rises during the trading day after the company makes a significant product or service announcement, according to new research, though it’s less upbeat on the day of the news itself.
An analysis released Monday by Bespoke Investment Group examined 43 announcements going back to the launch of iTunes in 2001. Bespoke found 19 cases in which Apple stock rose between open and close on the day of the announcement, and 28 in which it rose the following day. And on eight occasions, according to Bespoke, the stock rose on both the day of and the day following the announcement.Apple on Monday is expected to announce both a streaming media service and a news subscription service.
Service announcements were generally well received in the short-term—though they’re comparatively uncommon relative to product launches such as new iPhones, iPads and the Apple Watch. Bespoke Investment Group The stock rose on the day of the 2001 iTunes announcement, the 2003 iTunes store announcement, and the 2008 app store announcement—though not for the 2015 Apple Music news. The next day, according to Bespoke, it rose in the cases of the iTunes store and Apple Music announcements.
Email David Marino-Nachison at [email protected]. Follow him at @marinonachison and follow Barron’s Next at @barronsnext.
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.
Apple debuts new iPad Air and iPad mini, which work with Apple Pencil stylusApple debuted a new mid-tier iPad with a larger screen and introduced the first iPad mini update since 2015 — a week before it rolls out a media and entertainment bundle designed to compete with Netflix.
Lire la suite »
Roku stock rises on anticipation of Apple dealAnticipation is building around a potential deal with Roku for Apple's new streaming TV service.
Lire la suite »
Dow logs more than 200-point gain as Apple leads tech stocks higherU.S. stocks ended higher on Thursday as a sharp surge in tech shares helped to lift key equity benchmarks. The S&P 500 rose 1.1% to end near 2,855. The...
Lire la suite »
Dow logs best day in 5 weeks as tech shares, Apple buoys stock marketU.S. stocks close higher Thursday on the back of a rally in the technology sector, while shares of Apple Inc. surged, helping to propel the Dow.
Lire la suite »
Apple stock boosted by ‘strong buy’ call ahead of special press eventShares of Apple Inc. jump, enough to lift the technology giant back into first place on the list of most valuable U.S. companies, after Needham analyst Laura...
Lire la suite »
Apple shares surge to 4-month high, as stock chart points to growing investor confidenceApple's stock rose more than 3 percent on Thursday, putting the stock on pace for its ninth positive day in the past 10 days of trading.
Lire la suite »
Apple streaming event 'could trigger a sell-off,' says BTIGBTIG analyst Walt Piecyk wrote Monday that Apple Inc.'s upcoming launch of its streaming-media service "could trigger a sell-off in the stock." The company is scheduled to make an announcement on Monday at 1 p.m. ET, which is widely expected to concern the company's efforts in streaming video. "We believe there is little that Apple can say at its event today that will satisfy media skeptics," Piecyk wrote. He said that sell-offs have become typical following Apple events. "Most of today's criticism will probably be accurate but viewed through a short term lens," Piecyk wrote, including that it's difficult and expensive to become a formidable media player. He argued that the company shouldn't look toward a big acquisition as a way to bolster its content ambitions. Nonetheless, he boosted his price target to $220 from $189 in his Monday note, writing that the outlook for Apple's 2020 earnings looks favorable relative to the S&P 500 . Apple shares have jumped 30% in the past three months, while the Dow Jones Industrial Average has risen 17%.
Lire la suite »
Here’s Everything Apple Is Expected To Announce At Its March 2019 EventThe company is expected to announce two new services, including a subscription Apple News service and a TV streaming platform.
Lire la suite »