Apple set to open Monday at new all-time high — updated

The stock briefly touched its previous high, $268, Friday morning.

To mark the occasion, Yahoo! Finance is going with this headline:

Dow Jones Futures: Time To Sell Apple? This Key Rule Helped With Amazon, Microsoft, Shopify, Zscaler.

My take: Hold on to your hats.

UPDATE: Who are you going to believe, me or your lying eyes?

9 Comments

  1. Jerry W Doyle said:

    “… But some stocks will continue for long runs. So what should you do?”

    Here’s the answer and my take always with Apple stock: “… It depends on your confidence in the stock and company. If you have believed Apple stock will be a big winner again, you may keep all or most of your holdings in the Dow Jones component.”

    It doesn’t take an astute long term investor to see that Apple is poised to have a very good Q1. With the advent of 5G along with multiple new Gen, completely redesigned iPhones with whopping new internal upgrades along with a continuous pipeline of other new products and services rolling out, Apple has the stock price balance and equilibrium to grow to $400 by Q1 2022.

    1
    December 2, 2019
  2. Aaron Belich said:

    Apple has ‘something’ cooking with their ultra wide radio – U1 chip. I’m excited for whatever it may be. Oh, and that the money printing machine doesn’t have any future planned maintenance is also a bonus.

    1
    December 2, 2019
  3. Wyatt Counts said:

    Yep. The U1 chip feels like it might be a sort of Trojan Horse waiting to be included in enough devices before the software is activated. I assume the rumored “Tile” like device has a U1 chip as well.

    0
    December 2, 2019
  4. Adam Foster said:

    I wonder why is down today???
    I can’t find any negative news…

    0
    December 2, 2019
    • From the wires: The Dow is down 250 points following weak U.S. manufacturing data and President Trump’s announcement of new steel tariffs.

      1
      December 2, 2019
  5. Kirk DeBernardi said:

    @ Sacto Joe —

    To summarize…

    …Apple is doomed, but don’t take it personally.

    ; – )

    5
    December 2, 2019

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