News Formal

Apple is an 'earnings powerhouse,' says tech investor Gene Munster

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Investors aren't appreciating just how well Apple will do in the coming years, says Loup Ventures' Gene Munster.

had improved over the previous quarter. That is a part of Munster's bullish thesis, as are the stock buybacks the company announced on Tuesday.

Apple said that it would spend $75 billion on share repurchases and it also approved a 75 cent dividend per share, a 5% increase.. " He calculates the buybacks could boost the stock by 25% over the next five years."Investors are largely underappreciating what this stock could do," said Munster. "This story could be a $350 stock over the next couple years, and I think they are going to surprise people on this earnings power."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wow, he really knows his stuff. Eye opening analysis .... I thought it was a highly indebted, loss making utility until I read this headline

Happy to see that many new investors are getting smarter and keeping their crypto assets offline on New Ledger Nano X Get yours now ! And Stay Safe out there.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors brace for a roller-coaster week ahead with Fed decision and Apple, Alphabet earningsFed Chairman Jerome Powell is expected to emphasize that the Fed is patient and will hold interest rates steady. Relax, The Fed has been neutered. Roller coaster? Naw.....feds in a sleep no worries. rate increase PLEASE PLEASE PLEASE!
Source: CNBC - 🏆 12. / 72 Read more »

Major pullback could strike tech stocks, and it won't spare Apple, investor Paul Meeks warnsPaul Meeks, who ran the world's biggest tech fund for Merrill Lynch during the dot-com boom and subsequent collapse, believes tech valuations are stretched. TradingNation StephLandsman
Source: CNBC - 🏆 12. / 72 Read more »

250 ways to trade Apple into earningsApple's earnings report on Tuesday will be integral to the 253 exchange-traded funds that count the iPhone maker's stock among their holdings, experts say. 1 should be don't. 250 ways to not trade Apple into earnings. Thanks for the heads up, CNBC!
Source: CNBC - 🏆 12. / 72 Read more »