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Analyst: Apple could surge to $1 trillion market cap again on U.S.-China trade deal

Friday June 14, 2019. 05:25 PM , from Mac Daily News
Sam Unsted for Bloomberg:

A resolution to U.S.-China trade tensions could add as much as $25 a share to Apple Inc.’s stock price and take it back to a $1 trillion market value, according to Wedbush Securities analyst Daniel Ives. A $25 increase would be about 13% above Apple’s closing price of $194.15 a share on Thursday and would take its market value back into 13 figures.
Apple in August became the first U.S. company with a $1 trillion value, though it’s been below that since November.
A U.S.-China deal “would take away the primary China risk which is a dark cloud over the stock now,” Ives wrote in a note. Investors now are pricing in a harsher impact on Apple than Ives sees playing out based on how the situation stands today, “despite the noise.”
Ives also said the risk-reward on Apple remains compelling at the current price and that the company is the safest among FAANG stocks from any antitrust threats.

MacDailyNews Take: One might expect that a U.S.-China trade deal would have a positive effect on stock prices, Apple’s included. That said, the market is an unpredictable beast, as always.
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