When Apple Inc. (Nasdaq: AAPL) stock plunged about 6.4% in one minute this morning, befuddled Wall Street analysts came up with a lot of unlikely culprits.
Some blamed a Morgan Stanley downgrade, or profit-taking. Or weak Black Friday sales.
All of this is obviously grasping at straws. Nothing the analysts suggested would make a widely held stock like AAPL sink more than 6% in a minute.
When Apple Inc. (Nasdaq: AAPL) stock plunged about 6.4% in one minute this morning, befuddled Wall Street analysts came up with a lot of unlikely culprits.
Some blamed a Morgan Stanley downgrade, or profit-taking. Or weak Black Friday sales.
All of this is obviously grasping at straws. Nothing the analysts suggested would make a widely held stock like AAPL sink more than 6% in a minute.
Activist investor Carl Icahn is taking his second swing at Apple Inc. (Nasdaq: AAPL)
What follows is the entire, unedited text of the Oct. 9 Carl Icahn letter to Apple CEO Tim Cook, in which Icahn makes the case that Apple is undervalued and therefore ripe for another big round of stock buybacks.
In the process, Icahn goes into excruciating detail…
Activist investor Carl Icahn is taking his second swing at Apple Inc. (Nasdaq: AAPL)
What follows is the entire, unedited text of the Oct. 9 Carl Icahn letter to Apple CEO Tim Cook, in which Icahn makes the case that Apple is undervalued and therefore ripe for another big round of stock buybacks.
In the process, Icahn goes into excruciating detail…
That Apple Inc. (Nasdaq: AAPL) sold a record number iPhone 6 models - more than 10 million - in its first weekend only hints at what the product will mean for Apple stock.
Even though the total handily beat the first three days of sales of last year's duo of the iPhone 5s and iPhone 5c, demand far outstripped supply.
Given that the iPhone contributes about 60% of Apple's profits, that's great news for AAPL stock.
Here’s why demand for the iPhone 6 will remain strong for months to come…
The impressive slate of announcements from Apple Inc. (Nasdaq: AAPL) yesterday (Tuesday) is all the more reason to be investing in Apple stock, according to Money Morning Defense & Tech Specialist Michael Robinson.
"I'm in it for the long haul," Robinson told host Stuart Varney. "I definitely would still be acquiring [Apple stock]."
In this video, Robinson talks what it is about the company's latest products that have him so bullish on AAPL stock...
