Scalper1 News
Apple (AAPL) stock notched an all-time high on Tuesday, its eighth in the last 10 trading days. But a report predicting that Apple’s next capital return report will underwhelm gave investors caution. Apple shares rose nearly 0.5% in morning trading on the stock market today, to peak at 133.60. But the stock reversed and ended the day down a fraction, at 132.17. Apple stock has been soaring lately — up 23% since Jan. 16 — on heavy hedge fund buying and investor enthusiasm over hot iPhone sales, the upcoming Apple Watch and a possible Apple electric car under development. Also, Apple is expected to increase its cash dividend and stock buybacks when it updates its capital allocation plan in April. However, UBS analyst Steven Milunovich said Apple’s next capital return program could be less than expected. “Most appear to expect a large, multiyear program based.. Scalper1 News
Scalper1 News