4 months ago
Set to open Wednesday morning with its fourth.The chart below ranks the top thirty all-time high AAPL closing prices. Dates in green indicate closing price was an all-time high at that time. Thanks to AAPLInvestors‘ Terry Gregory, keeper of the stats.
My take: $150, here we come.
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on Handicapping Apple’s September 2021 earnings 'I’m always amused by a 1%-2% change in price targets. But then, I guess the customer base for these kinds…'
on Handicapping Apple’s September 2021 earnings 'Since this is the second cycle of 5g phones and growth still likely and evident, and broad momentum across product…'
on Premarket: Apple was red, turned green 'with a multiple of 29 apple looks undervalued compared to microsofts 40. aapl eps 2021 = 5,7 p/e = 29…'
on Handicapping Apple’s September 2021 earnings 'This just came across the wires: Morgan Stanley trimmed its price target on Apple from $168 to $166. I’m not…'
on Handicapping Apple’s September 2021 earnings '@ Jeff: Bullseye on the institutional stockholders, who are far more heavily invested in MSFT than in AAPL. But Microsoft…' on Handicapping Apple’s September 2021 earnings 'Fundamentals win long-term. According to an article in Barron’s this morning, Katy Huberty expects forward estimates to rise following the…' on Premarket: Apple was red, turned green 'As I said yesterday, as betrayed by the low volumes coming into earnings, folks are yawning in the stands, if…'
on Handicapping Apple’s September 2021 earnings 'While Apple might not get full credit from the WS crowd, they’re selling products that consumers are clamoring for and…'
on Handicapping Apple’s September 2021 earnings 'If Apple has a great report and strong forward guidance then the market might have to respond positively. Unlike some…' on Gene Munster: Apple supply pains will be 2022’s gains 'Since I have $200 in the April Fools PED competition, I hope we get there sooner than later 🙂'
Let’s get that AAPL share price high, folks!
“We will see a $200 stock price by the Q2, 2022 earnings call.”
And then, my friend, I’ll have a 4-bagger on the AAPL Jan 2023 100 calls.
This headline From Reuters:
“Apple’s potential ‘buy now, pay later’ plan sends sector shares tumbling” By Byron Kaye, Nikhil Nainan
So much pre-market activity confirms something I’ve overheard. Apple is climbing Meme stock ranks. GME, AMC & TLRY are all off over 15% past 30d. Meme stock trading volatility makes my skin crawl but you gotta watch for trends possibly headed your way.
Also, consider the small retail investor who is looking at all the FAANG stocks – by far AAPL is the lowest stock price and PE to get in to. Like Apple, every little incremental add eventually makes a big difference.
I also don’t doubt there will be sector rotation back towards tech as earnings reports come in. Those companies that falter will see outflows which may flow right back to tech. We’ll see whether institutions still play “buy the rumor, sell the news”.