(Bloomberg) -- Apple Inc. looks like an attractive investment no matter which aspect of the business you examine, according to analysts who are growing steadily more optimistic about the stock’s prospects.At least a dozen Wall Street firms have raised their Apple price targets this month alone, lifting the average to nearly $343, up from $305 at the end of April. UBS, Deutsche Bank, Bernstein, Citi, BofA and Morgan Stanley are all among the firms turning more positive, although the higher average still implies downside of more than 7% from current levels.Shares of Apple rose 3.3% on Tuesday, hitting an intraday record and extending a recent advance above 60%. The gains have lifted Apple’s market capitalization above $1.5 trillion.While the direction has been the same, the reasons for the higher targets have varied. Wells Fargo Securities cited the product updates announced at a recent conference. Evercore ISI pointed to the potential of...
Fitz-Gerald Group Chief Investment Officer Keith Fitz-Gerald joins Yahoo Finance’s Akiko Fujita to break down the latest market action after President Trump says the trade deal with China is "intact" following an aide stating it was over....
We’re in perplexing times. At this writing, the S&P 500 index stands at 3,153, just 7% below its all-time high. That high, reached back in February, came the day before the bottom fell out of the stock market, as the coronavirus crisis triggered the steepest, deepest – and fastest – stock market drop on record. “After a 40%-plus rebound in the S&P 500 since March, stocks became stretched to the upside and vulnerable to bad news,” SunTrust chief market strategist Keith Lerner noted. Lerner doesn’t see any pullback as a problem, however. Rather, he views it as a chance for investors to take advantage of lower points of entry, and realize strong gains as stock return to the upside.His colleagues at SunTrust agree, and have pointed out several stocks that are not just poised to make gains, but are also showing dividend yields in excess of 6%. It’s an unbeatable combination...
