Shares of Apple rose more than 7 percent on Friday after an analyst increased his earnings estimates for the company before Macworld Expo next week when new product announcements could send the stock still higher, reports Reuters. The stock rose US$4.70 to $69.25.
Read MoreKatie Benner of CNN/Money fears that Apple’s golden stock could go the opposite direction in an instant if the company can’t live up to expectations. “If you’re a long-term investor, it’s hard to find any worms in the Apple story,” Benner writes. “But investors should realize that the stock could be volatile in the near-term.
Read MoreShares of Apple (AAPL) climbed US$6.18, or more than 11 percent, to close at $61.35 Monday after Piper Jaffray raised its price target on the stock to $100. The firm said that its increase was based on findings that the iPod is resulting in more sales of Macs.
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