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-0.00137672456721044 -0.00108380444652745 -0.00201821963150638 2.92920120684488E-05 0.00114238847066418 0.000380796156888003 0.0101643281877033 0.00729371100500896
Stockreport

Apple's stock heads for 5th-straight loss, Morgan Stanley reiterates bullish stance [MarketWatch]

APPLE (AAPL)  More Company Research Source: MarketWatch
Last apple earnings: 2/1 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
PDF Apple's stock heads for 5th-straight loss, Morgan Stanley reiterates bullish stance Shares of Apple Inc. AAPL, -1.23% slumped 0.7% in morning trade, to track the day's selloff in the technology sector and the broader stock market, as it heads toward a fifth-straight loss. That would be the longest such streak since the five-day stretch ending Nov. 15. The stock has now shed 6.4% since closing at a record $181.72 on March 12. Morgan Stanley analyst Katy Huberty tried to dispel investor fears, as she reiterated her outperform rating and $203 stock price target, which is 19% above current levels. "As Apple's prospects for generating outsized iPhone growth fade as the handset market matures, some investors fear Apple's best days are behind it," Huberty wrote in a note to clients. "We disagree and see increasing value in the Apple platform, particularly through services monetization." The stock has gained 0.5% year to date, while the tech-heavy Nasdaq 100 NDX, -2.12% has climbed 6.2% [Read more]

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