Apple hits new record

2 Comments

  1. Jerry Doyle said:
    When you are a $400 stock (my price target is $403) then it is normal to see the stock working its way to that understood lofty level. We also are in a government environment where there is 100% continued unprecedented levels of federal liquidity pumped into the economy and the stock markets understand this fact fully. There also is no alternative but to be invested in the markets if one wants to make a ROI. And lastly, when one examines the markets there is one viable company to invest in with a solid balance sheet, great revenues, products & services in demand no matter the COVID-19 environment, and the continued ingenuity of hitting on all cylinders. None of this surprises me. What surprises me are those who are surprised. I’m still looking for Daniel Ives to return with his $400 price target.

    4
    June 17, 2020
  2. Fred Stein said:
    Adding to Jerry excellent points. Apparently the Fed is buying ETFs.

    Plus, the professional class of workers, most of whom remain employed, are net buyers of ETFs. And will remain so for years, if not decades.

    Yet another contributor to “Ratchet Effect” re Apple and AAPL.

    1
    June 17, 2020

Leave a Reply