Tag Archives: aapl

Apple stock might not rise on WWDC news

For investors, Apple’s (AAPL) Worldwide Developers Conference has been the poster child for “buy the rumor, sell the news.” Apple stock tends to rise ahead of the annual event and fall after the opening keynote, when the big announcements are made. Over the past eight years, Apple stock has risen an average of 3.5% in the month leading up to WWDC, then fallen 1.3% on the opening day of the conference, BTIG analyst Walter Piecyk said in a research report Friday. Apple stock has a streak of seven straight down sessions on the opening day of WWDC, he said. And the stock tends to stay down the day after and a month after the show opening. For the past seven years, Apple stock has declined an average of 1.2% a day after a show opens and 0.7% a month later, Piecyk said. “Apple has still not been able…

Don’t expect Apple stock to rise on WWDC news

For investors, Apple’s (AAPL) Worldwide Developers Conference has been the poster child for “buy the rumor, sell the news.” Apple stock tends to rise ahead of the annual event and fall after the opening keynote, when the big announcements are made. Over the past eight years, Apple stock has risen an average of 3.5% in the month leading up to WWDC, then fallen 1.3% on the opening day of the conference, BTIG analyst Walter Piecyk said in a research

Apple music re-boot ‘material’? Yes, it is Wall Street

Tim Cook has roughly 3 billion reasons to make a big splash on Monday with Apple’s (AAPL) new subscription streaming music service. With iTunes store revenue growth stalling, he needs the acquisition of Beats Electronics to pay off. Apple paid $3 billion and change, its biggest acquisition ever, for Beats Electronics, a maker of high-end headphones, and Beats Music, an unproven subscription music service, in 2014. Apple appears to be racing to forge more deals with record labels before the curtain rises on the annual Worldwide Developers Conference (WWDC), slated for June 8 to 12 in San Francisco. Apple’s new streaming service will add more features and presumably content to Beats Music, which has about 300,000 paying subscribers vs. 15 million at Spotify. How big are the stakes for Apple and Cook, aside from his reputation as an M&A meister? Apple’s service business, which includes the iTunes online store, rose…