Apple Share Price Forecast - $368
Wall Street wraps up yet another record-setting week. Following their record holiday App Store sales, Apple share price continue to soars to higher levels. The analyst consensus is currently displaying a moderate buy signal. But what is really interesting is the current apex of the apple shares price forecast. It is at $368 per Apple share while the current share dealing price is $318.
Indeed, according to Kathryn Huberty from Morgan Stanley, Aapl price should continue to rise higher in the coming months.
Google and Adobe also made new all-time highs. By the close, the NSDQ100 was up 0.52% while SPX500 and DJ30 gained 0.34% and 0.21%, respectively. Although reports of China's 2019 GDP confirmed that its economy grew at the weakest pace in three decades, solid December retail sales and the expectation of economic stimulus from Beijing helped boost Wall Street yet again to record highs on Friday.
Today’s share market highlights: Bitcoin price reaches $9,188, Palladium hits all-time high
Bitcoin breaks out again: BTC soared to a new yearly high at $9,188 in the early trading hours on Sunday, breaking the $9,000 resistance before settling back to just above $8,600, at the time of this writing.
European shares get a boost as well: Bolstered by a weaker GBP, the UK100 was trading 1% higher mid-Friday. The GER30 rose 0.72% to hit a new 52-week high and the FRA40 rose 1.02% to hit a new 5-year high.
Palladium prices peak: Palladium soared 9% on Friday, boosted by reports of a market shortage. The rare metal has been on the rise for the past month, gaining over 16% this past week, and is currently at an all-time high of $2,265.
Electricite de France surged 10%: Shares of the state-controlled EDF rose on Friday following media reports of the French government’s progress on nuclear power reform.
Asian markets mixed: China50 gained as much as 0.43% as the People’s Bank of China kept loan prime rates unchanged. The JPN225 rose 0.25%, but the HKG50 slipped 0.39% as shares of Asian life insurance company AIA Group dropped more than 1%.
US markets closed today: Please be advised that US markets will be closed today for Martin Luther King, Jr. Day.
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