Apple shares closed at $126.96 on Monday. This stock is trading in a short-term lateral process, finding support at the current lows located around $125.00-123.30, and within the 38.2% Fibonacci of the entire latest rally that began earlier this year.
In a January earnings call with investors, Apple Inc. Chief Executive Tim Cook made a confident prediction: "2015 will be the year of Apple Pay," he said. Since then, the company has aggressively courted retailers -- and claimed significant success.
Swedish telecom equipment maker Ericsson has filed lawsuits in Germany, Britain and the Netherlands against Apple over technology license payments, Ericsson said on Friday, extending a U.S. battle between the firms to Europe.
E*Trade Financial Corp. announced the launch of its app for the Apple Watch, which is now available. The app will deliver essential market data in an engaging and simple format to help investors and traders keep a watchful eye on the markets and their portfolios.
Investors will rake in more than $1 trillion in 2015 as U.S. companies increase stock buybacks and boost dividends, Goldman Sachs Group Inc said, with benefits coming soon as many S&P 500 companies exit a blackout period for repurchases next week.