Why Apple Stock Is Jumping Today
(NASDAQ: AAPL) stock is bounding higher in Wednesday's trading. The tech giant's share price was up 4.3% as of 11:15 a.m. ET. At the same point in the day's trading, the S 500 was up 0.4%, and the Nasdaq Composite was up 0.5%.
Apple's valuation is seeing gains today after Bloomberg published a report stating that the company is poised to announce some major news. According to the report, the company will announce at the White House today that it's making a new $100 billion investment in its U.S. tech manufacturing infrastructure.
Apple CEO Tim Cook is set to join President Donald Trump at the White House today and is expected to announce that his company is devoting another $100 billion to strengthening its U.S. manufacturing capabilities. Apple still relies on Chinese manufacturing for a significant amount of its device production, but tariffs and geopolitical tensions between China and the U.S. are making it more important for the tech giant to bolster its domestic manufacturing base.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 109 Buy predictions and 12 Sell predictions.
With a target price of 235 € there is a slightly positive potential of 1.16% for Apple Inc. compared to the current price of 232.3 €.
