12 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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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”.