Apple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period.I initiate Apple with a Neutral rating and a fair value of $111.42/share .In the enterprise market, customers across many industries are accelerating their adoption of iPhone 12 and 5G as a key platform for the future of their business. Delta Airlines, for example, is putting iPhone 12 and 5G connectivity into the hands of flight attendants so they can provide the best passenger
4 reasons you may want to buy Apple ahead of its annual developers conference
Apple’s stock could soon see a wave of positive catalysts, according to one trader.Apple is expected to unveil new operating systems for devices including the Mac, iPad, Apple Watch and Apple TV at its annual developers conference, which Gordon sees as a possible boon for the stock.Add in rumors of a new iPhone and redesigned MacBook Pro coming later this year, and the fundamentals largely support an upside move in the stock, he said.“Apple has 30% of the 5G smartphone market right now and it’s
Today's Tech Sell-Off: Where to Invest $5,000 for the Next 5 Years
These tech giants might multiply your $5,000 investment substantially in the coming years.The Nasdaq-100 Technology Sector index has retreated more than 7% in the past month, bringing down the valuations of some fast-growing names in tech that were considered overvalued earlier. But one shouldn't forget that this same index has jumped more than 240% in the past five years, which means that a $5,000 investment in the index would be worth $17,000 now.Advanced Micro Devices stock has done even bet
4 Things to Know Ahead of the Squarespace’s Direct Listing
The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.The company offers various tools for website creation, including domains, e-comme