For The First Time In The Tim Cook Era Apple Is Finally Firing On All Cylinders – Forbes
To say that Apple shares have been a stellar performer in 2017 is an understatement. Shares of the most valuable company in the world are up 17.2% (closed at $135.72 on Friday) thus far in 2017 , versus the Nasdaq which is up 8.5% and compared to the S&P 500 which is higher by 5.1%. Incidentally, Apple shares hit an all-time high of $136.27 per share on Wednesday intra-day and are the best performer in the Dow as well for 2017.
Despite all the shouting, noisy warnings and copious hand-wringing about how dire things were at Apple and how the naysayers and darkside swamis and gurus were doing shareholders a huge favor by warning of the impeding calamity, Apple was able to report outstanding numbers for the December quarter.
That is where the good news began for Apple and has continued as of last week and will more than likely continue for the rest of 2017 and into 2018.
Going into the earnings print we saw the following mix of headlines from the sell-side:
Apple valuation prices in little growth, says UBS.
Apple guidance likely lower than many expect, says JPMorgan.
Drexel Hamilton sees Apple ‘slightly’ exceeding EPS consensus tomorrow.