Tagapple

Warren Buffett Piles Into Apple Stock as Key Profit Sector Plunges 63%

warren buffett, tim cook, apple

Warren Buffett’s Berkshire Hathaway is compensating for its weak second quarter by increasing its holdings in Apple Inc. After 3.5 years since their last major acquisition, the Omaha-based conglomerate has built a $50.5 billion stake in the iPhone creator. The total makes Apple the largest holding in Berkshire. In May, Warren Buffett said that he was "pleased” with Apple’s first-quarter reports...

Apple Earnings Fall yet the Stock Pops. What Gives?

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Chinks are starting to appear in Apple, as quarterly earnings were generally unimpressive. When Apple reports a quarter like this, the stark contrast between the visionary Steve Jobs and game–manager Tim Cook becomes readily apparent. Sad, Sad Numbers Product revenues for the quarter were $42.35 billion, which is an incredible number on an absolute basis. However, on a relative basis, it was a...

Apple Earnings Preview: Why This Stock's Best Days Are NOT Behind It

Apple earnings, stock forecast

Apple’s first two quarters this year have been less than stellar, and bearish experts predict that the iPhone maker's stock could register a sharp plunge when it announces its fiscal third-quarter results. A Yahoo! Finance survey of 35 analysts reveals an earnings per share (EPS) estimate of $2.10. This figure is a 10.3% decrease from the previous quarter’s EPS of $2.34. The survey also predicts...

Apple Stock Hiccups After Trump Thunders Ominous Warning

apple iphone right to repair

Apple stock hiccuped on Friday after President Trump unexpectedly unleashed an ominous warning to the Silicon Valley tech giant. Trump: No Tariff Waivers for Tim Cook Shortly before 10:10 am ET, Trump tweeted that the White House would not give any “Tariff wavers (sic)” to the Tim Cook-led firm, which has long manufactured most of its devices outside the country. Earlier this year, Apple revealed...

Elon Musk Loses ANOTHER Tesla Employee to Apple: Here's Why

Apple poaches another of Elon Musk's Tesla engineers

Apple nabbed another of Elon Musk's employees. This time it's Tesla veteran Steve MacManus, an expert in designing car interiors who has also worked for Bentley, Jaguar Land Rover, and Aston Martin. It doesn't take one of Musk's artificial intelligence experts to deduce what's going on here: Apple is ramping up its auto plans. Apple Poaches Tesla Vet, Stokes Electric Vehicle Rumor Mill Even...

Why Apple Stock Remains a Raging Buy

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There is needless controversy over whether or not Apple is a stock to be held for the long term. While valid concerns do exist, the core fundamentals that made Apple investable 20 years ago haven’t changed. Apple: Simplicity Trumps Everything That’s true even though Steve Jobs is gone. Because he didn’t just create a company culture, he built a consumer culture. Apple was and still is - for the...

Dow Sputters as Rosenblatt Warns of ‘Deterioration’ in Key Stock

dow jones industrial average (DJIA)

The Dow lurched toward a second consecutive loss on Monday as Wall Street wrestled with uncertainty over Federal Reserve interest rate policy. Meanwhile, analysts at Rosenblatt downgraded a key DJIA stock. Dow Lurches Toward Second Straight Loss All of Wall Street's major indices endured hefty losses at the opening bell. As of 9:31 am ET, the Dow Jones Industrial Average had plunged 130.92 points...

Apple, Facebook and Netflix Poised to Take Out All-Time Highs

apple, facebook, netflix

With the trade war between the U.S. and China thawing, investor sentiment swung from jittery to optimistic very quickly. The trade truce pushed U.S. markets higher as the dreaded 25 percent tariff on Chinese goods was put on hold. The surprising decision provided investors some relief and gave equities a much-needed boost. As stocks regain bullish momentum, three Nasdaq names are looking to make...

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