Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity of its smartwatch, digital services and wireless earbuds.
Companies in the Nasdaq 100 are headed into earnings season with momentum that approaches the unprecedented, their value up by more than $1-trillion since October.
Naspers plans to sell about 22 million shares in Prosus to increase the free float of its European-listed Internet spin-off.
JSE-listed telecommunications specialist Huge Group plans to buy back its own shares, it said in a statement to investors on Wednesday.
Ka-ching! Naspers CEO Bob van Dijk just made a cool R1-billion through the sale of shares in the group. However, he intends to reinvest most of the proceeds back into the group in the form of bonds.
Tencent Holdings analysts, who have a history of being too bullish, have now been caught off guard by a rally that’s gathering pace in Asia’s biggest stock.
Alphabet shares rose 1.2% in pre-market trading on Thursday, following a flurry of positive analyst commentary on the Google parent’s 2020 prospects.
Apple’s price target was raised to $350 from $280 at Needham, which wrote that the iPhone maker had a number of tailwinds in 2020 that could help it extend last year’s strong rally.
Advanced Micro Devices shares rallied on Thursday, with the stock hitting an intraday record – the chip maker’s first such milestone in nearly two decades.
Apple shares surpassed $300 for the first time amid predictions for a robust holiday quarter, demand for wearables such as AirPods and planned services including streaming TV.