Stock Market News, July 22, 2014: The DJIA slumped on Monday, as military action continues in the Gaza Strip and geopolitical tensions remain high in Ukraine. The United States and European allies have strengthened economic sanctions against Russian interests and are threatening further action against Vladimir Putin if he doesn't pull support from pro-Russian militants in Eastern Ukraine.
When Apple Inc. (Nasdaq: AAPL) reports its June quarter earnings after the market close Tuesday (tomorrow), the tech giant faces some steep expectations.
After all, one of the big reasons Apple stock is up over 17% on the year - and an impressive 32% since hitting a 2014 low of $71.40 on Jan. 30 - is the surprising Apple earnings beat in the March quarter.
Of course, the AAPL earnings beat last time around was driven primarily by unexpectedly strong iPhone sales. Can Apple do it again?
Stock market today, July 16, 2014: The Dow Jones today (Wednesday) closed up for its 15th record-breaking close in 2014.
U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress again today. She reiterated that the economy remains vulnerable to a struggling job market and stagnating wages - two reasons why the central bank will continue its loose monetary policy in 2014. Still, in its Beige Book this afternoon, the Federal Reserve said that the economy was expanding at "a modest to moderate pace."
A controversial choice for a new public relations chief could soon affect Apple stock (Nasdaq: AAPL).
The latest Apple stock news sent AAPL shares up 1.73% this morning (Wednesday).
On Tuesday afternoon, Apple announced a "landmark partnership" with International Business Machines Corp. (NYSE: IBM). Together, the two companies aim to gain foothold in segments of the corporate world like healthcare, retail, and transportation. And they intend to use mobile to do it.
Any previous estimates of iPhone 6 sales need to be tossed out.
Evidence that Apple Inc.'s (Nasdaq: AAPL) next-generation smartphone will include a virtually unbreakable sapphire screen will push sales far beyond earlier expectations, which means that Apple stock at below $100 is significantly undervalued.
Apple clearly thinks it has a winner on its hands - it's ordering some 30% more units of the iPhone 6 units than it did the iPhone 5s last year.
Few have heard of iBeacon, but it's shaping up as a big catalyst for Apple stock (Nasdaq: AAPL).
Despite the huge long-term impact iBeacon could have on AAPL stock, the media have largely ignored it - probably because it's not particularly sexy. And yet this game-changing technology is destined to change not just how people shop but how they interact with all sorts of businesses.
One of the hottest trends for investors in 2014 has been investing in wearable technology stocks, as new products hit the market seemingly every week.
The wearable tech industry is growing at an incredible rate, and has been described as a "key consumer technology." The research shows that the industry is set to explode. In fact, it's already experiencing incredible growth.
Dow Jones today, July 8, 2014: This morning, Apple Inc. (Nasdaq: AAPL), Groupon Inc. (Nasdaq: GRPN), and Alcoa Inc. (NYSE: AA) are among the day's more notable premarket movers.
Yesterday, the Dow Jones Industrial Average dropped more than 50 points as investors weren't willing to take risky positions ahead of earnings season. Cyclical and small-cap stocks lagged the hardest this afternoon. The CBOE Volatility index soared more than 11%, the largest hike in nearly three months. The bounce was significant, as the index hit its lowest level since February 2007 last Thursday.
Apple Stock News: Apple Inc. (Nasdaq: AAPL) is No. 1 again -- this time on Barron's annual ranking of the World's Most Respected Companies.
But the Barron's survey is just the latest feather in Apple's corporate cap. In just the past 12 months, AAPL has topped several such lists.
The iPhone 6, the next major upgrade to Apple's flagship product, isn't due out until September. But we've gleaned enough leaked information to project that it will bring in enough revenue and profit to get Apple stock back to its all-time high - $100.72 - and beyond.
Two larger screen sizes and a full slate of new features will have customers lining up for the iPhone 6 from New York to Beijing.
Yesterday afternoon (Tuesday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to talk Apple stock (Nasdaq: AAPL).
Suppliers in China are set to start producing iPhones with bigger screens in July. In 2011 and prior, all iPhones had a 3.5-inch screen. Then, Apple launched the iPhone 5 and 5s, which sported 4-inch displays. But the newest offerings are reported to have 4.7-inch and 5.5-inch screens.
Watch the video to see how high Robinson predicts Apple stock will climb from the larger iPhone display offering - and get the latest Microsoft news that's turned investors sour...
Apple Stock News: With Wednesday's announcement that Apple Inc. (Nasdaq: AAPL) has started selling a cheaper model of its iMac desktop, we're seeing a shift in philosophy that would have been impossible under CEO Steve Jobs.
It's a philosophy that we also saw in the decision to release the iPad Mini back in 2012. And under CEO Tim Cook, we're sure to see more of it.
Now that Apple Inc. (Nasdaq: AAPL) stock has split 7-to-1, knocking the Apple stock price down to a psychologically more appealing number below $100, many investors are trying to figure out if it's a buy.
Money Morning Defense & Tech Specialist Michael A. Robinson has no doubts. In fact, he says he's buying more.
In this video, Michael explains what the tech giant is up to now that has him so enthusiastic about Apple stock.
Sure, Apple Inc. (Nasdaq: AAPL) didn't introduce a new product at the World Wide Developers Conference last week.
But the tech giant did something much more important than just roll out some new "gadget." Apple unveiled a strategy that puts the company into two new businesses and positions it for years of potential new growth.