Apple reaches New Highs and Positive Guidance Ahead

Apple Inc. (AAPL) Nasdaq  has reached an all time high of $343 as of today.

Tip Ranks Apple a strong buy Based on 33 analysts offering 12-month price targets for Apple in the last 3 months. The average price target is $331.64 with a high forecast of $390.00  Source: https://www.tipranks.com/

Apple Inc. (AAPL) Nasdaq  Apple gives $100 Million to racial equity and justice causes; CEO Tim Cook announced today June 11, 2020 to denounce racism in today’s world.

“The unfinished work of racial justice and equality call us all to account. Things must change, and Apple’s committed to being a force for that change. Today, I’m proud to announce Apple’s Racial Equity and Justice Initiative, with a $100 million commitment.” Source Tim Cook @tim_cook

Tim Cook is the chief executive officer of Apple Inc., and previously served as the company’s chief operating officer under its co-founder Steve Jobs. CEO Tim also services on the Board of Directors for Apple.

Apple is a cash warehouse with almost  $193 billion  in  cash on the balance sheets. Apple will be holding its first digital event where it is expected to announce the new iPad, iPhone, and Mac software at its developer on June 22nd at 1 p.m. CEO Tim Cook will be the keynote presenter.

Apple reports its next earnings on August 4th,2020.33 analysts rate it a buy. Consensus EPS Forecast $1.95.

Apple will be holding its first digital event where it is expected to announce the new iPad, iPhone, and Mac software at its developer on June 22nd at 1 p.m. CEO Tim Cook will be the keynote presenter.

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CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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