How To Earn $500 A Month From Apple Stock
Portfolio Pulse from Avi Kapoor
Apple Inc. (NASDAQ:AAPL) shares rose following its WWDC event, surpassing Microsoft Corp (NASDAQ:MSFT) in market capitalization. Apple became the first brand to surpass $1 trillion in brand value, with new AI features expected to boost iPhone demand. B of A Securities maintained a Buy rating with a $230 price target. Apple's annual dividend yield is 0.47%, requiring significant investment to earn substantial monthly dividends.
June 13, 2024 | 12:36 pm
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NEUTRAL IMPACT
Apple has surpassed Microsoft in market capitalization, reclaiming its title as the world's largest company.
While Apple surpassing Microsoft in market cap is notable, it does not directly impact Microsoft's short-term stock price significantly.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Apple shares rose following its WWDC event, surpassing Microsoft in market cap and becoming the first brand to surpass $1 trillion in brand value. B of A Securities maintained a Buy rating with a $230 price target. Apple's new AI features are expected to boost iPhone demand.
The positive news from the WWDC event, surpassing $1 trillion in brand value, and a Buy rating with a $230 price target from B of A Securities are likely to boost investor confidence and drive short-term price gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100