Apple ended 2019 as the best-performing Dow stock, but there’s optimism it can gain even more in 2020.
Apple (NASDAQ:AAPL) closed out 2019 with a stock that’s nearly 90% higher than where it started the year.
That made it the best-performing Dow stock of 2019.
Will Apple stock rise in 2019?
Apple stock has continued to gain ground in 2019, with shares up 5.7% in the year’s trading so far. Apple is scheduled to report results for the first quarter of its 2020 fiscal year after the market closes on Jan. 28. Shares trade at roughly 23.7 times the average analyst target for this year’s earnings.
Will Apple shares go up again?
Apple is due to report December-quarter earnings on Jan. 28. Its shares were up 0.5%, at $314.19, in recent trading. After an 86% rally in 2019, the stock is up about 7% so far in 2020.
Is Apple stock a good buy right now?
11, Apple stock rose above its prior all-time high of 233.47 set in October 2018. AAPL stock is now near the 280 price level, some 26% above the buy point. When stocks become 20% to 25% extended beyond a buy point, that’s usually a good time to take some profits.
Why did Apple stock drop 2019?
Apple’s stock fell 6.9% over the last five days, in its worst week of trading in 2019. The stock’s drop began when President Donald Trump declared he would increased tariffs on $200 billion of Chinese goods to 25%.
Who owns most shares of Apple?
Top 10 Owners of Apple Inc
|The Vanguard Group, Inc.||7.36%||321,838,023|
|Berkshire Hathaway, Inc. (Investm||5.60%||245,155,566|
|BlackRock Fund Advisors||4.34%||189,855,411|
|SSgA Funds Management, Inc.||4.18%||182,854,781|
6 more rows
Why did Apple stock drop so much?
Apple Inc.’s (AAPL) stock dropped by over 1.8% on February 18 after the company noted it would not meet its fiscal second-quarter revenue guidance. Investors may be willing to give Apple a pass this time around considering the revenue shortfall is due to impacts of the coronavirus in China.
Is Apple a good buy for 2020?
After a great 2019, Apple stock looks like it will be a top choice for 2020 as well. Apple (NASDAQ:AAPL) stock reports earnings on Tuesday afternoon, and all eyes will be on the California-based giant to see if Tim Cook can add another chapter of growth on top of AAPL’s amazing run in 2019.
What stocks are good buy?
Looking for market-beating stocks? These are some of the best companies to consider.
- The Vanguard Total Stock Market ETF (NYSEMKT:VTI)
- The Vanguard Total International Stock ETF (NASDAQ:VXUS)
- Amazon.com (NASDAQ:AMZN)
- Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL)
- Facebook (NASDAQ:FB)
- Intuitive Surgical (NASDAQ:ISRG)