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AAPL Stock News

stocks

Apple Might Be a Trillion-Dollar Company, but Its Stock Is Still a Bargain

After Apple Inc. became the first company to achieve a trillion-dollar market cap on Aug. 2, many investors felt as though they'd missed out on one of the most historic run-ups in Wall Street history.

But they're just missing the bigger picture. In fact, the world's first trillion-dollar company is just getting started.

You see, Apple is still an absolute bargain - even after breezing through this historic marker, the company is trading well below the inflated metrics of its peers and the market as a whole.

dow jones

Dow Jones Today Climbs on Bullish Comments from Fed Chair Jerome Powell

The Dow Jones today is climbing as Federal Reserve Chair Jerome Powell downplayed worries about market volatility and indicated the Fed would maintain gradual interest rate increases.

Dow futures are down 53 points after a choppy morning of trading ahead of the 8:30 AM release of testimony to Congress.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar...

Apple

This Apple Stock Price Prediction Sees Shares Hitting $200

The average analyst Apple stock price prediction right now is $121.95.

But Money Morning Chief Investment Strategist Keith Fitz-Gerald thinks that target is too low. He has an Apple stock price target of $200, despite a slide that has chopped 20% from the AAPL price over the past year.

Fitz-Gerald's thinking is based on a quickly growing part of Apple's business that most analysts have ignored.

Here's how this segment will lead Apple stock to $200...