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Kiplinger
Kiplinger
Business
Dan Burrows

Apple Stock Remains a Strong Buy Even as Shares Soar

Apple stock: apple logo on outside of building

Apple (AAPL) stock popped after better-than-expected iPhone sales helped it beat Wall Street's quarterly profit and sales estimates – and analysts say shares in the mega-cap tech giant are just getting started.

Apple stock jumped more than 5% at one point in early Friday trading thanks to upbeat fiscal second-quarter results released the previous evening. As a company with a market capitalization of more than $2.6 trillion at the beginning of the session, a 5% increase in Apple's stock price adds more than $130 billion in value to one of analysts' top Dow stocks. 

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