• Analyst Hype Pushing Shares of AAPL Higher

    On Wednesday, shares of AAPL topped $130 again riding the wave of momentum from the latest analyst hype surrounding what Apple may unveil next week during the kickoff to the company's annual developer's convention.

    Making the rounds today in financial news is the chatter among analysts at Piper Jaffray, who believe that Apple has an array of goodies planned for next week, all of which could add to the bottom line of the company's already-booming digital services business.

    TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says, "The conference has, historically, had some positive impact on the stock."
    "The reason to own, and not trade it, however has much more to do with superior products, fabulous management and an amazing balance sheet that gives the company the opportunity to reward its shareholders - all for 12 times this year's earnings!" Cramer is quoted in this afternoon's report.

    According to subsequent chatter on CNBC, analysts are now at a point where new or expanded digital services from Apple excite current and potential investors as much as refreshed iDevices and Macs.

    WWDC 2015 kicks off June 8th. MMi will have wall-to-wall coverage throughout the conference and we hope you'll check back with us often.

    Source: TheStreet
    This article was originally published in forum thread: Analyst Hype Pushing Shares of AAPL Higher started by Michael Essany View original post
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