Will It Really Take 4 Years for the Nasdaq's Hottest Stock to Hit $3,000 per Share?
The stock market moved higher on Monday, and theNasdaq Compositeled the way higher. As of around 2 p.m. EDT, theNasdaqwas up about 1.5%, easily outpacing the performance of other major market benchmarks. The move largely reflected a return of confidence in the Federal Reserve's ability to manage economic growth going forward, as interest rates on Treasury bonds moved lower after a prolonged rise over the past several months.Tesla gets a boost from the world's most popular investment manager. A p
Apple Could Reach a $3 Trillion Market Valuation, Analysts Say
Citi, Wedbush analysts both see Apple’s market cap increasing. Apple Inc.’s stock could reach a market capitalization of $3 trillion,analysts say, citing the development of the Apple Car as well as high expectations for the next iPhone.Wedbush analyst Daniel Ives, whose price target for Apple is a Street-high $175, also sees a $3 trillion valuation on the horizon. In a note on Wednesday, he called recent declines in the stock a “golden buying opportunity,” expecting the upcoming iPhone 13 to be