Why the Apple Stock Price Is Up – And Going Higher
But just when it looked like the Apple bears might be right, the company started to gain back lost ground.To continue reading, please click here...
Giving China What It Wants Will Spice Up Apple Stock
Apple stock has needed a fresh catalyst for quite some time, and it's about to get one.
In the first of two related developments, Apple Inc. (Nasdaq: AAPL) has scheduled an event on Tuesday to unveil its new flagship iPhone 5S as well as a lower-cost version, expected to be called the iPhone 5C.
The Icahn Lift: Let Carl Icahn Give You Double-Digit Gains
If you owned Apple Inc. (NYSE: AAPL) stock , you saw a 5% jump in shares on August 13, when Carl Icahn tweeted that he held "a large" position in Apple.
Same with Netflix Inc. (Nasdaq: NFLX), when shares spiked as much as 14%, back on October 31, 2012, when Icahn's regulatory findings revealed he held a tidy 10% stake in the company.
Is Apple Stock A Buy?
Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Varney & Co." today (Wednesday) to answer the question, "Is Apple stock a buy?"
Gilani called Apple stock a "Buy" last time he appeared on "Varney." Back on July 23, Apple (Nasdaq: AAPL) announced its Q3 2013 earnings. Apple stock closed out at $418.99 that day, and has since surged to $489.15 as of yesterday.
Gilani's pick was right, and now he tells viewers why he continues to believe it's a good idea to buy Apple stock.
Apple (Nasdaq: AAPL) Stock Hits $500 Thanks to Carl Icahn
You see, Tuesday afternoon, in a single tweet, the legendary 77-year-old activist investor added more than $17.26 billion to Apple's market cap. At 2:21 p.m., pre-tweet, AAPL stock was trading at $475. Following the tweet, shares shot up to $494, before settling the day at $489.57.
Obama Brings the Stick to Apple-Samsung Patent War
President Barack Obama added an unexpected twist to the patent wars when he took the extraordinarily rare step of vetoing the International Trade Commission's own trade sanctions against Apple Inc. (Nasdaq: AAPL) last week.
The trade commission had ruled that Apple violated some of Samsung Electronics Co. Ltd's patents, and the commission was set to ban outright several key Apple products, such as the iPhone 3GS, iPhone 4, and the iPad 2 and 3G models - all sold by AT&T Inc. (NYSE:T), among others.
This marks the first time in 25 years that an American president has overruled an ITC ban or set of sanctions in such a way, drawing the White House - along with the rest of the Executive Branch - into the bitter patent dispute between the two technology titans.
Two Stocks to Buy Now – and One to Ignore
Money Morning Capital Wave Strategist Shah Gilani offered two picks for top stocks to buy now - along with one to avoid - on FOX Business' "Varney & Co." Tuesday.
His pick to avoid: Facebook Inc. (Nasdaq: FB). Recent gains haven't been enough to sway Gilani, who remains bearish on the stock.
These Tech Companies Will Ride the Mobile Wave to Big Profits
Companies that make CPU chips - the "brains" inside every kind of computing device - have a fresh catalyst within the mobile wave to help stimulate sales: "ultramobile" products.
Ultramobile is the term that research firm Gartner is using to describe very small and light notebooks, as well as tablet/laptop hybrids like the Microsoft Corp. (Nasdaq: MSFT) Surface.
In its projection for this year and next, Gartner sees the ultramobile category adding to the growth of mobile wave devices like smartphones and tablets, which together today form a much bigger market than that of traditional PCs.
Ultramobiles will create new opportunities for the CPU-makers as the mobile wave continues to rise.
"The 'mobile wave' is massive, and is where growth is at in the chip sector," said Money Morning Defense and Technology Specialist Michael Robinson.
At stake are billions of dollars in revenue.
Five Reasons Apple Stock is a Buy
But given all that's happened, AAPL at $400 is a better deal than it may appear.
"It's obviously been hit, but it's bounced. It's held up," said Money Morning Capital Wave Strategist Shah Gilani. Pointing to the recent volatility in the markets, Gilani said, "The markets have been hit really hard and Apple has held up beautifully."
Now it's not likely that Apple stock will take off again like it did a few years ago and shoot up 100%.
But despite slowing sales of the iPhone, the company is still generating profits at the rate of about $40 billion a year and sports a P/E of less than 10. And it now has a dividend yield of about 3%.
The landscape may have changed for Apple over the past year, but it's certainly not the dead money that some believe it is.
In fact, Apple stock could very well be on the verge of a nice little ride to the upside, at least to $500 and maybe beyond.
There are several reasons to think that a rebound in Apple stock is in the offing.
Five Reasons Apple Stock (Nasdaq: AAPL) is a Buy