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How a landscaper perfectly trims lawns I have a prediction that Apple s going to be the top-performing FAANG for 2021. I m well behind Google right now, I think they re up 30% to 40%, Apple s just up fractionally, but I continue to stand behind that, Munster said.
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Munster added that Apple s recent quarter was the best he has seen in a decade and that he believes the stock will move to $200 per share.
Apple s revenue jumped 54% to $89.6 billion in its latest quarterly report. The company also notched a profit of $23.6 billion and increased its cash dividend by 7% increase to $0.22 per share.
Management authorized an increase of $90 billion to Apple s existing share-repurchase program as well. Analysts mostly reacted positively to the stand-out quarter.
by Tyler Durden
Tuesday, Apr 27, 2021 - 09:30 AM
As we noted yesterday, Tesla posted earnings yesterday that - at first glance - looked to beat estimates. Until, of course, one realized that a majority of the company s profit came from trading bitcoin and selling ZEV credits. You can read our full writeup and analysis on the results here. As we said yesterday, post-results, not even TSLA s usual cheerleaders were ecstatic about the results: “Everything happened that people thought would happen,” Gene Munster told Bloomberg yesterday.
“There’s not a lot of news and it wasn’t a blowout.”
On Tuesday morning, more analysts began to offer their take on the report. GLJ Research s Gordon Johnson took to CNBC on Tuesday morning to offer up his insights: