25 apr: Klassiske fejl når du investerer din pension - 1
30 apr: Kursfald oplagt købsmulighed i Novozymes
25-04-2012 23:22:00

3rd UPDATE: Apple Surges Back Above $600

Relateret indhold
Relateret debat
26 apr - 
@king HEES kender jeg ikke. CINF har jeg aldrig kigget ..
26 apr - 
Jeg har nogle stykker af LB, fristende at købe flere fo..
26 apr - 
@king Jeg skal ikke selv røre LB. Det er ikke nødvendig..

--Apple surges back above $600 following blowout quarterly results

--Apple posts biggest one-day percentage rise since November 2008

--Wall Street analysts help fuel gains by lifting price targets

(Updates with closing prices and other price details.)

By Tomi Kilgore and Matt Jarzemsky

DOW JONES NEWSWIRES

NEW YORK (Dow Jones) -- Shares of Apple Inc. (AAPL) rallied more than it had in three and a half years to close back above $600 Wednesday as Wall Street applauded the technology bellwether's strong quarterly results.

The stock closed up $49.72, or 8.9%, to $610, recovering much of what it had lost over the previous 11 sessions. That marked the biggest one-day point gain in its history, and the largest percentage gain since Nov. 24, 2008.

The stock retraced 65% of the decline from its April 9 all-time closing high of $636.23. Ahead of the earnings report, Tuesday's close of $560.28 was a six-week low.

A host of Wall Street analysts helped fuel the gains by suggesting the shares still have a lot further to rally.

Goldman Sachs bumped up its price target on Apple to $850 from $750, Wedbush Morgan lifted its target to $800 from $570 and Canaccord Genuity raised its target to $775 from $740.

J.P. Morgan said "Apple remains in a league of its own," while analysts at Gabelli & Co. said Apple's valuation "remains very compelling."

Apple's rise far outpaced its peers', and the rally had a notable impact on the broader market. The stock's heavy weighting contributed 27.2% of the S&P 500-stock index's overall gain on Wednesday, by far the biggest one-day contribution a single stock has ever had on the index, according to Standard & Poor's senior index analyst Howard Silverblatt.

The S&P 500 advanced 18.72 points, or 1.4%, to 1390.69 Wednesday. Meanwhile, the Dow Jones Industrial Average, which doesn't include Apple as a component, rose 89.16 points, or 0.7%, to 13090.72.

Shares of Apple suppliers also rose Wednesday. Chip maker OmniVision Technologies Inc. (OVTI) gained 8.8%, Cirrus Logic (CRUS) climbed 11% and Broadcom Corp. (BRCM) rose 5.7%.

Ahead of Apple's results, investors had grown increasingly worried that iPhone sales might disappoint, as carriers Verizon Communications Inc. (VZ) and AT&T Inc. (T) reported year-over-year iPhone sales declines.

But Apple said after Tuesday's close that it sold 35.1 million iPhone units last quarter, well above expectations of about 30 million. Earnings rose 94% from year-ago levels to $11.62 billion, or $12.30 a share, on revenue growth of 59% to $39.19 billion.

Analysts surveyed by FactSet Research on average had been expecting earnings of $10.16 a share on revenue of $36.96 billion.

Dave Rolfe, chief investment officer at Wedgewood Partners, said it was a "classic dominant Apple quarter."

"The only chink in the armor, which is really not a chink at all, iPad numbers came in in-line," Rolfe said.

-By Tomi Kilgore and Matt Jarzemsky, Dow Jones Newswires; 212-416-2470; tomi.kilgore@dowjones.com

(END) Dow Jones Newswires

April 25, 2012 17:22 ET (21:22 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Vestas-rival barsler med en vindmølle på mindst 12 MW - citat

19-06-2018 16:42:53
Vindmølleproducenten Senvion har sat sit sigte højt for sin kommende offshore-mølle.Hver af møllerne skal have en kapacitet på minimum 12 megawatt (MW), lyder det ifølge mediet Recharge i en række dokumenter fra det EU-udviklingsprogram, Senvion er med i.Tidligere har Senvion kun oplyst, at udviklingsprojektet drejede sig om en mølle på "10 eller mere" MW. Men det langsigtede mål er at nå op på mø..

Novo Nordisk indgår forskningssamarbejde inden for fedme og diabetes

19-06-2018 12:16:30
Novo Nordisk har indgået et samarbejde med amerikanske Kallyope om opdagelse af nye lægemidler til behandling af svær overvægt og diabetes.Det fremgår af en pressemeddelelse. Biotekselskabet Kallyope modtager en forudbetaling som led i aftalen og vil modtage forskningsstøtte til aktiviteter under samarbejdet. Hvor stort et beløb, der er tale om, fremgår ikke.Aftalen giver Novo mulighed for at købe..

Nordea: Svensk fagforbund skifter bank efter HQ-flytning til Finland

19-06-2018 11:39:47
Den svenske paraplyfagforening LO skifter transaktionsbank til Swedbank fra Nordea, efter at Nordea sidste år vedtog en flytning af sit hovedkontor fra Stockholm til Helsinki. Den nyhedsbureauet Direkt. - Vi er overbeviste om, at medlemmerne vil have, at vi har vores penge i en svensk bank. Vi er derfor glade for at kunne indlede et samarbejde med Swedbank, som både har base i Sverige og kan lever..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Fokus på Mærsk og DSV i negativ åbning
2
Vestas får debutordre i Panama
3
Aktier/middag: Trump trækker transportsektor i dybet med Mærsk forrest
4
Novo Nordisk indgår forskningssamarbejde inden for fedme og diabetes
5
Vestas/Sydbank: Australsk ordre bekræfter at man har stærk position

Relaterede aktiekurser

AT&T Inc 32,39 0,6% Stigning i aktiekurs
Apple Inc 185,69 0,0% Aktiekurs uændret
Verizon Communications I.. 48,50 2,2% Stigning i aktiekurs
Cirrus Logic Inc 37,86 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018  Disclaimer  |  Cookie- og privatlivspolitik  |  Persondatapolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
20. juni 2018 05:37:52
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20180619.1 - EUROWEB5 - 2018-06-20 05:37:52 - 2018-06-20 05:37:52 - 1 - Website: OKAY