$Apple(AAPL)$ Morgan Stanley noted that two catalysts could turn the upcoming earnings into a “clearing event” and drive stronger performance for Apple. The first is Apple's June Worldwide Developers Conference, where expectations are currently low, but that could actually work in Apple's favor. The firm highlighted that “a meaningful Siri redesign could be a meaningful sentiment tailwind.” The second is the September iPhone launch. Morgan Stanley expects “a new iPhone launch this fall that brings genuine new product excitement,” which could help renew investor interest. The bank also pointed to Apple's cash level as a supporting factor, mentioning its “robust FCF generation stands out positively,” while other
$Apple(AAPL)$ Is this a bit of positive momentum I'm seeing for AAPL stock? Nice. Now if it can get back to the price of the last two dividend reinvestments, all will be well. Last November was $273.5929. Almost there.
$Apple(AAPL)$ I think hitting 300 in the near term is possible. World news does move markets, and we might see that as soon as tomorrow. But this feels more like an ‘opportunity’ play, not really tied to Apple’s actual fundamentals. We’ve seen this pattern over and over on certain days — buy the dip. I’m invested in the company.
$Apple(AAPL)$ BofA expects Apple to deliver an earnings beat for the March quarter, driven by robust iPhone demand and continued strength in the high-margin Services business. Analyst Wamsi Mohan said BofA models “revenues above guidance for the March quarter,” adding it sees “upside to Street estimates given continued strong iPhone sales, double-digit growth in Services revenue, and benefit from FX.” BofA reiterated its Buy rating and raised its price target on AAPL from $300 to $325.