One reason Apple's rally could be about to hit a wall $AAPL (via TradingNation)
The stock has soared 74% this year, easily the best performer on the Dow and tracking for its best annual increase in a decade. Those gains have added $473 billion to its market cap, the equivalent of nearly doubleThis could be as good as it gets for Apple right now, says JC O'Hara, chief market technician at MKM Partners.
"Historically when Apple reaches these heights, it's vulnerable over the next few months of actually consolidating sideways," said O'Hara. "While we're not negative on Apple, we just think it might be vulnerable for a little back-and-filling because it might become a victim of its own success here." "2019 was about the rise of the services, so the company rerated from almost 11 times [forward earnings] to 20 times because they convinced the marketplace that they were now a recurring services company with stable revenue," said Chiavarone."What's going to be interesting as we go to 2020, I think it's going to be the revenge of the hardware.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Boy Who Helped End Lunch Shaming Selected As One Of Time Magazine's Heroes of 2019Ten-year-old Ryan Kyote, the boy who helped end lunch-shaming in his state of California, is one of Time Magazine's Heroes of 2019.
Leer más »
This 4-Ingredient Apple Cake Is As Easy As It GetsThis week's Big Little Recipe defies all logic: a fluffy, tender cake whose batter contains no butter, oil, baking soda, or baking powder. But how?
Leer más »
What You Should Actually Watch on Apple TV PlusCome for the Jen An/Reese Witherspoon face-off, stay for Emily Dickinson chugging opium.
Leer más »
Apple will face rare shareholder questions on human rights after Hong Kong app removal - Business InsiderThe tech giant faced intense criticism in October for its removal of an app that let Hong Kongers track police movements.
Leer más »
Details of U.S.-China 'phase one' trade deal to come out over weekend: MnuchinU.S. Treasury Secretary Steven Mnuchin said on Saturday a factsheet on 'pha...
Leer más »