Shares of $Apple$rose 1.8% to a record closing high of $144.57 on Wednesday after a respected Wall Street investment bank issued bullish commentary on the popular tech stock.JPMorgan analyst Samik Chatterjee reiterated his overweight rating on Apple's stock yesterday and boosted his share price forecast from $165 to $170. His new estimate implies potential gains to investors of roughly 18% in the coming year.Chatterjee noted that Apple underperformed theS&P 500and$Nasdaq$in the first half of 202
Amazon And Apple Are Coiled Springs About To Explode To The Upside
Amazon and Apple have been left out of 2021's market rally underperforming the S&P index and their other tech conglomerate peers.An opportunity is being presented to investors as both Amazon and Apple are in the midst of record-breaking years from a financial standpoint.As a shareholder, I would love to see Amazon do a stock split and Apple allocate more to its dividend than buybacks.Over the years, AMZN's runway of growth has correlated to gigantic returns for shareholders. Over the past10 year
Alibaba: A Rare Case Of Bullish Technicals And Fundamentals
From the very moment of the IPO in 2017, Alibaba's share price continues to move along the upward support.The price drop that we have been observing since November last year fits into the concept of a correction. And this correction is most likely already completed.Fundamentally, the company is undervalued by at least 100%.Alibaba Groupnow represents that rare case when both technical and fundamental analysis simultaneously indicate a very likely increase in the company's capitalization in the n