Apple's back! Maybe? A week and a half after the company's earnings report, the stock is up 11%. It's up 15% from its low point, which came a few days before earnings.
You don't want to get too excited about a move like this if you're an investor. But, it's a good sign that Apple appears to be making a sustained, positive move.
Coming into the earnings report, some people were expecting Apple to miss its own expectations. Instead, it blew them away. The stock fell after hours in reaction the earnings call, when Tim Cook revealed no new products were coming anytime soon. Investors seemed to digest the news, and bought back in, betting brighter days are ahead for Apple.
Also, Apple said it was going to start buying back shares this month. That never hurts.
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