Apple Inc. (NASDAQ:AAPL) shares are up 1.7% and earlier hit a new 52-week high of $231.95 thanks to Credit Suisse increasing its earnings estimates as well as raising iPad shipment estimates to over 1 million units in the second quarter from a previous 650,000.
Companies with accelerating earnings growth are considered momentum stocks. They exhibit regular and increasing earnings power as demand for the company’s products and services grows. As this demand grows, the value of the company’s stock tends to gain as well.
Earnings momentum occurs when a company continues to show accelerating earnings growth over time. This is often a long-term sign that a company's future is bright due to the increased demand for their goods and services.
Apple Inc. (NASDAQ:AAPL) now has the iPad to sell to the masses and analysts were quick to print Apple could sell 1 to 5 million iPads in its first year. Apple shares are down 3.8% today and trading just under $200, could the company's iPad dreams be just too much for Wall Street?
Apple Inc. (NASDAQ:AAPL) is the talk of the town with their new iTablet and we all get the official price and release from the company tomorrow (Jan 27th). Could the new tablet cost $1,000 and are Apple shares now overpriced?
Steve Job's Apple Inc. (NASDAQ:AAPL) shares have increased 161% in the last 12 months, would you believe they still have another 30% to go? According to Piper Jaffray Companies (NYSE:PJC) the rally is just getting started.