- Reuters
Apple shares jump as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 6% before the bell on Friday as the iPhone maker's record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and increased competition in China. The company late on Thursday approved an additional $110 billion in share repurchases, its largest ever, and forecast third-quarter sales that exceeded the modest market expectations. The prediction showed Apple was confident that product updates, starting with an iPad event on May 7, will drive demand in its hardware business after months of sluggish growth that made some investors doubt its status as a must-own stock.
- Insider Monkey
Here’s Why The London Company Large Cap Strategy Sold Apple (AAPL)
The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During 1Q, U.S. stocks made significant gains due to steady economic growth, decreasing inflation, and a slightly weaker labor market, increasing the likelihood of a soft landing. […]
- Yahoo Finance
Apple beats Q2 estimates as iPhone sales decline 10%
Apple shares popped after it reported better-than-expected Q2 earnings and increased its dividend to $0.25 per share.
