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10 Great Reasons to Buy Apple Immediately



AAPL) stock ownership as the upcoming 4-to-1 stock split, opines, Bank of America technical analyst Merrill Lynch Wamsi Mohan. “data-Reaid =” 16 “> There are more exciting things for Apple Stock Ownership (AAPL) than the impending 4-on-1 stock split, opines Bank of America Technical Analyst Merrill Lynch Wamsi Mohan.

release of fiscal income for the third quarter. “data-Reaid =” 17 “> More precisely, 10 interesting things in the eyes of Mohan, who provided a tidy list on Friday after the release of Apple’s revenue for the fiscal third quarter.

“(1) Product revenue growth despite COVID-19 store closing and remaining domestic orders during the fiscal third quarter reaffirms our confidence in installed base tack, (2) stimulus benefits show continued price elasticity of demand for iPhones, (3) new iPhone delay creates weakness in September, but before the December quarter (4) management expects non-iPhone product performance to remain in the fourth fiscal quarter, (5) installed iPad and Mac bases attract new users and growth continues to exceed expectations (6) Services grew more slowly than expected, but margins are on an upward trend, (7) Apple has seen new record returns in the App Store, Apple Music, Video and Cloud. (8) strong capital gains (returned to shareholders $ 21 billion in the calendar first quarter with $ 15.9 million in repurchases, $ 3.7 billion in dividends), (9) Apple announced a 4-in-1 split, (10) the balance sheet remains stable with net cash of $ 81 billion and strong free cash flow generation, ”writes Mohan.

The analyst reiterated its Buy on Apple stock rating and moved its price target to $ 420 from $ 410.

SAN FRANCISCO, CALIFORNIA – FEBRUARY 1: The Apple logo is displayed on the outside of the Apple Store on February 1, 2018 in San Francisco, California. Apple will report quarterly earnings after the bell closes. (Photo: Justin Sullivan / Getty Images)

the first company with a market capitalization of $ 2 trillion, Mohan is not in itself optimistic about Apple’s revenue – most analysts came out on Friday with revised price targets upwards and full-year earnings estimates. Apple shares rose 7% to record highs On Friday, the technical giant came close to being the first company with market capital worth $ 2 trillion. Mohan is not alone in optimism after Apple’s revenues – most analysts came out on Friday with adjusted price targets and full-year revenue estimates.

Yahoo Finance’s first deal. “data-Reaidid =” 36 “>” It was just a huge breakup for me, “Wedbush technical analyst Dan Ives told Yahoo Finance’s The First Trade.

Blowing really.

Apple posted a fiscal third quarter profit of about 54 cents ahead of consensus estimates despite the global recession triggered by the COVID-19 pandemic. Total revenue of $ 59.7 billion shattered forecasts of $ 52.3 billion. Apple has seen growth in all of its product segments and geographies. Apple CEO Tim Cook attributed the power in the iPhone as the main driver for the large top and bottom lines.

“It was better than we thought, largely because, as we pointed out in the upcoming notes, May and June were much better,” Cook told analysts at a conference call on the iPhone’s performance this quarter.

Brian Sozziis the editor and co-founderThe first storeat Yahoo Finance. Follow Sozzi on Twitter@BrianSozziand furtherLinkedIn.“data-reaid =” 40 “>Brian Sozzi is the editor and co-founder The first store at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and further LinkedIn.




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