Apple Forecasts based on a Predictive Algorithm
Package Name: Industry Package – Tech Stocks
Recommended Positions: Long
Forecast Length: 1 Year (5/11/14 – 5/11/15)
I Know First Average: 25.20%
Apple Inc. (AAPL) held its “Spring Forward” event on Monday, March 9th. The company released new details of its long-awaited Apple Watch at the event and was dubbed an Apple Watch event by many analysts. But other new products also garnered much fanfare, and these products set up Apple to increase its market value further.
This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry. It includes 10 stocks with bullish and bearish signals and indicates the best tech stocks to buy:
Package Name: Tech Stocks
Recommended Positions: Long
Forecast Length: 1 Year (3/9/14 – 3/9/15)
I Know First Average: 21.14%
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Morgan Stanley analyst Katy Huberty has a new, extremely bullish note on Apple, where she has raised the base target price for the company from $130 to $160. She notes that Apple is the world’s most valuable technology platform, with very loyal customers willing to pay a premium for the best user experience. This being the case, its current Price to Earnings (P/E) ratio of 15 is too low, and should be closer to 18 in line with large-cap technology companies Microsoft, Google, and Facebook.
Apple became the first US company to have its value surpass $700 billion on Tuesday when its stock price closed at $122. It had reached that level in November, but Tuesday was the first time it closed at that level, a far more significant achievement. Exxon Mobil, the next largest company, is worth “only” $382 billion. The stock price is up 63% over the last year.
Apple is currently working on a brand new music streaming service that will compete with Spotify. The service will include features and technology of Beats Music, which it acquired several months ago. Rumors are that the service will cost $7.99 a month, undercutting Spotify, and Apple will build a version of the app for Android, the first time it will do so.
This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry. It includes 10 stocks with bullish and bearish signals and indicates the best tech stocks to buy:
Package Name: Tech Stocks
Recommended Positions: LongForecast Length: 1 Year (1/17/14 – 1/17/15)
I Know First Average: 21.95%
Get the “Top Tech Stocks” Package.
Apple Inc. (AAPL) changed the prices of software applications from Canada to Europe last week, in one of the company’s broadest global responses to currency fluctuations in recent years.
All major currencies have declined against the U.S. dollar in the past 12 months, with the U.S. economy on an upswing. The Canadian dollar is down about 10.1 percent since July and Jan. 9 touched its lowest level versus the U.S. dollar in 5 1/2 years. The euro has declined about 13% against the dollar in six months, according to data compiled by Bloomberg.
After gaining nearly 40 percent in 2014, Apple’s shares dropped from nearly $112 down to almost $105 in the new year’s first week of trading, despite strong sales data and virtually nonexistent competition from its main rivals throughout the holiday quarter. However, those losses were dramatically reversed today as the company’s stock rapidly changed course, gaining back all negative ground for the year and netting a slight positive from 2015’s opening day last Friday.
Apple Stock had a strong 2014 due to the release of the iPhone 6 and strong earnings reports. The stock climbed almost 50% from the beginning of the year, moving above $100 per share and achieving a market capitalization of over $700 billion, double what it was when Tim Cook took over as CEO in August of 2011. The demand for the iPhone 6 overwhelmed analysts’ and even Apple’s expectations, as the device had the best holiday season of any of the iPhones released until now. This caused the stock to climb to a peak of over $119 on November 28th, 2014.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.