Apple Stock Remains a Strong Buy Even as Shares Soar

Apple stock has added more than $680 billion in value this year and it still has more room to run, analysts say.

Apple stock: apple logo on outside of building
(Image credit: Getty Images)

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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Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.