AAPL Stock in Focus: Apple Reaches $100 Levels


Apple Inc (NASDAQ AAPL) stock is back up at a level it hasn’t seen in over a year (on a split adjusted basis). This is the first time the company’s shares passed $100 since the seven for one stock split. Analysts from both RBC and Morgan Stanley are touting Apple’s upcoming products. The RBC team thinks the iPhone 6 will be even bigger than anyone thinks, while the Morgan Stanley team expects the iWatch to tap “an underappreciated market opportunity.”

Positive reports from analysts at Morgan Stanley and RBC tipped the scale for Apple Inc (NASDAQ AAPL) today. In her latest report, Morgan Stanley analyst Katy Huberty said she thinks Apple Inc (NASDAQ AAPL) might ship up to 60 million smart watches in just the very first year.

She also expects the rumored iWatch to bring with it a margin that’s greater than 40%, calling the device “an important barometer” of Apple’s ability to innovate while under CEO Tim Cook’s leadership. The analyst adds that because of all these hires, she thinks Cook “now has the bench in place to execute on new product categories.”

Apple Inc (NASDAQ AAPL): $100 Level Reached

Apple (NASDAQ AAPL) has added more than a dozen experts in a wide variety of areas, including medical research, fashion and more. Of course Huberty recommends grabbing up some shares of Apple stock ahead of the fall product launches. In addition to the upcoming products, she also sees the current low institutional ownership of Apple as a buying opportunity for investors.

Currently Apple Inc (NASDAQ AAPL) stock is only, on average, 2.3% of the portfolios of its top 100 shareholders. That’s about half of what it was two years ago. Also it should be noted that Apple has a 3.4% weighting in the S&P 500 index.

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Apple Inc financial news (NASDAQ AAPL)

Apple (NASDAQ AAPL) has ordered about 75 million iPhones from its suppliers to be ready in the second half of the year, according to reports surfacing on the wall street. It certainly looks like the coming months are going to be extremely crucial for the Apple team as a whole.

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