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Apple's stock price closed at an all-time high of $139.07 today after reaching a new intraday record of $139.85 moments earlier.

AppleEventLogoFeature.jpg

The gains come just five days before Apple is set to report its earnings results for the first quarter of the 2021 fiscal year. Many analysts forecast that Apple's quarterly revenue will exceed the $100 billion mark for the first time thanks to strong iPhone 12 sales and the launch of several other products in the quarter, including the first three Macs with Apple silicon, HomePod mini, AirPods Max, and a redesigned iPad Air. Apple Fitness+ also launched last month and can be bundled with other services with Apple One.

Apple has thrived financially during the ongoing pandemic as many customers work, learn, and connect with others from home, leading to strong iPad and Mac sales in particular. Apple products are also popular gifts during the holidays.

Apple's earnings report will be released on Wednesday at 1:30 p.m. Pacific Time and will be followed by a conference call with Apple's CEO Tim Cook and CFO Luca Maestri at 2:00 p.m. Pacific Time. Apple's current quarterly revenue record is $91.8 billion, set in the first quarter of the 2020 fiscal year.

Article Link: Apple's Stock Closed at All-Time High Today Ahead of Earnings Results Next Week
 

The Barron

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Mar 5, 2009
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I am ready to buy if there is a dip because, after all, $100 billion isn’t enough.
You may have missed "the dip" unless you get in before they report earnings this coming Wednesday. It's going to be a total grand slam out of the park report due to the iPhone 12 sales & everything else over the 2020 holiday pandemic online season. Buckle up!
 
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ryanwarsaw

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Apr 7, 2007
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You may have missed "the dip" unless you get in before they report earnings this coming Wednesday. It's going to be a total grand slam out of the park report due to the iPhone 12 sales & everything else over the 2020 holiday pandemic online season. Buckle up!

I have been buying the dip since it dropped to around $105 recently. I am not sure it does a Netflix as we expect this already. In either case the stock is hitting new highs after hours.
 
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ryanwarsaw

macrumors 68030
Apr 7, 2007
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The whole market is overpriced and expected to remain that way or get even pricier.

You can’t really gauge the market by the same metrics people used to use. The companies trading now are different beasts and more and more people are hooked. Let’s see what the stock does after Cramer gets through with it tonight.
 
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ryanwarsaw

macrumors 68030
Apr 7, 2007
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No, it’s not. Still undervalued, by a lot.

That doesn’t matter for what happens in regards to how investors react to earnings in the short term. Unless they smash expectations and offer a great forecast the stock has a very good chance of selling off after the report. A simple beat might not propel it higher.
 
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Cosmosent

macrumors 68000
Apr 20, 2016
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During the CC, will be listening for anything related to "Pull Forward Demand".

Puzzling that NONE of the so-called Pro Stock Analysts who cover AAPL for a living even mentioned it.
 
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ryanwarsaw

macrumors 68030
Apr 7, 2007
2,738
2,435
During the CC, will be listening for anything related to "Pull Forward Demand".

Puzzling that NONE of the so-called Pro Stock Analysts who cover AAPL for a living even mentioned it.

Cramer just mentioned something interesting to consider and that’s the weakness of the dollar may help.
 
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icanhazmac

macrumors 6502a
Apr 11, 2018
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@Theyayarealivin "Who’s ready to buy some Apple stocks over the weekend?"


Unless you have the keys to the CLOSED stock exchange........... /smh
 
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DelayedGratificationGene

macrumors 6502
Jan 11, 2020
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567
It seems that AAPL will actually be over $150. But, to be honest, it is starting to be overpriced.
It seems that AAPL will actually be over $150. But, to be honest, it is starting to be ov
Apple is not overpriced. 2022 forward earnings on the high side of 5.07 will give us an after net cash PE of 37 at a $200 stock price. Yup we are undervalued at 140
 
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