Apple (AAPL) Flirts With $400, New All-Time Highs
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Price: $295.63 +1.39%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.3%
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Don't look now, but Apple (Nasdaq: AAPL) is about to retake the $400 level again and could easily take out all time highs of $404.50. Shares are currently at $399.28, up 1.6%.
With buzz growing for the upcoming iPhone 5 and iPad 3 announcements, it should be a foregone conclusion that these levels will be taken out in short order. It seems the market has all but forgotten about the Steve Jobs resignation news.
The company is making some notable separation from Exxon Mobil (NYSE: XOM) as the largest U.S. company by market cap at $368 billion for Apple versus $360 billion for Exxon.
With buzz growing for the upcoming iPhone 5 and iPad 3 announcements, it should be a foregone conclusion that these levels will be taken out in short order. It seems the market has all but forgotten about the Steve Jobs resignation news.
The company is making some notable separation from Exxon Mobil (NYSE: XOM) as the largest U.S. company by market cap at $368 billion for Apple versus $360 billion for Exxon.
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