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Apple (AAPL) stock hit an all-time high on Wednesday, two years after its previous peak. Apple stock was up a fraction, near 100.80, in midday trading in the stock market today. It peaked so far Wednesday at 100.86. Apple’s previous record high was 100.72, on a split-adjusted basis, in September 2012. Investors are enthusiastic about Apple’s upcoming product cycle, which is expected to include the larger-screen iPhone 6, new iPads and the iWatch smartwatch-fitness band. On Tuesday, Morgan Stanley analyst Katy Huberty published a bullish note on Apple that encouraged investors to buy shares ahead of Apple’s fall product releases. She said the stock is attractive because of its relatively low institutional ownership, increased cash return program, stronger and broader management team, increased acquisitions and R&D, stabilizing profit margins and higher contribution from services. But analyst Ming-Chi Kuo of KGI Securities said Apple’s much-anticipated iWatch could be delayed until… Scalper1 News
Scalper1 News