STOCK MARKET WATCH -- Wednesday, 8 December 2021

[Tansy_Gold]

STOCK MARKET WATCH, Wednesday, 8 December 2021

Previous SMW:
SMW for 7 December 2021




AT THE CLOSING BELL ON 7 December 2021


Dow Jones 35,719.43 +492.40 (1.40%)
S&P 500 4,686.75 +95.08 (2.07%)
Nasdaq 15,686.92 +461.76 (3.03%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:











Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

st

[mahatmakanejeeves]

1. Apple's 'key competitive advantage' is the iPhone as market cap zeroes in on $3T

Full disclosure: I own shares of APPL.

Apple's 'key competitive advantage' is the iPhone as market cap zeroes in on $3T

Dani Romero
Wed, December 8, 2021, 7:33 AM

Apple, whose stock is perched at a record high, is inching closer to becoming a $3 trillion company as Wall Street gets bullish on its future.

The tech giant saw its shares jump more than 3% following Morgan Stanley’s Kathy Huberty note to investors about raising price target from $164 to $200. Huberty argued that it’s time to consider the company’s plans to launch an augmented reality product and self-driving car in the next few years.

Similarly bullish sentiment came from KeyBanc Capital Markets analyst Brandon Nispel, who placed an overweight rating on Apple, calling it "an attractive buy."

With the holiday shopping season in full swing — and consumers rushing out to buy the latest iPhone as gifts for themselves and relatives — he's forecasting a $191 price target over the next 12 months. That is about 16% higher than their current price.

“The key competitive advantage for the company is really in its large and, and still growing user base, particularly on the iPhone side,” Nispel told Yahoo Finance Live on Tuesday.

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