
While lawmakers took turns bashing Apple (AAPL) for its creative tax policies, investors were cheering on CEO Tim Cook as he defended the company and pushed Congress to overhaul the tax code.
The general consensus among traders on StockTwits was that Cook looked like a capable leader compared with the elected officials doing the questioning.
Catwoman2011
Long Tim Cook. Short John McCain. $AAPL
RobertinGatos
$AAPL Tim Cook did great job for Apple and US today by standing up to the BS. Now maybe remaining holdouts will see what a good CEO he is!
MagnumCharts
Tim Cook is crushing it. Doubled down on my $AAPL calls this morning and have 75% gains already. Waiting for the hearing to end to close
Cook even managed to plug Apple products.
@jfahmy: Gotta love Tim Cook using his testimony as one big advertisement for $AAPL" <- might as well be useful for something
Once one of the most sought after investments on Wall Street, Apple has struggled with concerns about the company's ability to develop revolutionary new products without its visionary leader, Steve Jobs, who died in 2011.
Related: Apple grilled about tax havens
Cook, who was chief operating officer before taking over as CEO, has been praised for his technical skill. But many investors have questioned his leadership as Apple's stock price has plunged.
After hitting an all time high above $700 last September, Apple's stock has dropped more than 30%.
The stock has regained some ground in recent weeks as bargain hunters still see Apple as a good long-term bet. Apple also announced plans to return $100 billion to investors over the next few years by repurchasing stock and paying dividends.
While Cook came out looking like a winner, Congress definitely didn't gain any new fans on Wall Street. Of course, traders are typically not big fans of the legislative branch.
CoderTrader
Sad day in America when Congress goes after one of the greatest enterprises our country has ever had. $AAPL
shogunofharlem78
$AAPL congress really is a joke these days. Sad
When 21-year old Tom Pszeniczny decided to make his foray into investing, he figured Apple was a pretty safe bet.
In the days leading up to the iPhone 5 launch event last September, the Drexel University student bought six shares of the iPad and iPhone maker for $665 a piece.
While Pszeniczny wasn't looking to make a quick buck, the following week seemed promising. On the day the iPhone 5 went on sale, MORE
Hibah Yousuf - Apr 22, 2013 8:03 AM ET
Move over Bitcoins and gold, Apple (AAPL) is the latest investment to succumb to panic selling.
Shares of Apple plunged as much as 6% Wednesday afternoon and hit a new 52-week low of $398.11 in the process. Shares recovered a bit as the day wore on and closed just under the $403 mark. But Apple's stock is now down almost 25% this year and is more than 40% below the all-time MORE
Paul R. La Monica - Apr 17, 2013 4:32 PM ET
Who doesn't want to be a billionaire? A new app, aptly named iBillionaire, won't turn you into one. But it makes it easier for you to invest like one.
iBillionaire, which launched Wednesday, tracks what Warren Buffett, Carl Icahn, Bill Ackman and other financial titans are buying and selling.
Using SEC filings, the data are fed automatically into the app, though the iBillionaire team has a data analyst on staff MORE
Catherine Tymkiw - Apr 10, 2013 11:23 AM ET
The second quarter is looking a lot like the first quarter for two smartphone makers who share their corporate monikers with the name of a fruit.
Apple (AAPL) fell nearly 2% Monday. The iEverything maker's shares were down 16% in the first three months of the year, making them one of the worst performers in the S&P 500.
Meanwhile, BlackBerry (BBRY) was up more than 5% Monday. The stock gained more than MORE
Paul R. La Monica - Apr 1, 2013 12:38 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
In like a lion and out like a lamb may apply to the weather in March, but not to Apple's stock.
Apple (AAPL) limped its way into the start of the month. Shares hit a 52-week MORE
Paul R. La Monica - Mar 19, 2013 11:57 AM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
We're number 3! We're number 3! And we might slip to number 4? For BlackBerry (BBRY) investors, it doesn't seem to matter.
BlackBerry, the technology company formerly known as Research in Motion, has a lot going MORE
Paul R. La Monica - Mar 14, 2013 1:18 PM ET
It's been a rough week for Apple. And it's only Tuesday.
Apple (AAPL) shares slid 1.4% to $431.82 in afternoon trading.
The selling came after Jefferies analyst Peter Misek issued an unflattering report on Apple, adding to a string of negative research published on the company this week.
Misek cut his estimate for iPhone sales, lowered his price target to $420 a share and said there is a 25% chance Apple will miss MORE
Ben Rooney - Mar 12, 2013 1:25 PM ET
There's a lot riding on BlackBerry's new smartphone, which is about to hit the U.S.
So far, investors seem to be in the smartphone makers corner.
Shares of BlackBerry (BBRY) rallied nearly 11% Monday.
"I'm not dead yet!" could be BlackBerry's mantra, to quote Monty Python. After multiple misses and few hits, the Canadian smartphone maker seems to be on the right path.
The Z10, which features an all-touch keyboard, will make its U.S. MORE
Catherine Tymkiw - Mar 11, 2013 12:13 PM ET
Not too long ago, analysts were predicting that Apple's stock would top $1,000. Now that Apple's stock has dropped more than 30% since last September, $500 is Apple's new proving ground.
Apple's stock dipped below $500 on Tuesday on concerns that demand for the iPhone 5 might be less than expected. But Apple's stock once again crossed the $500 barrier on Wednesday, soaring by nearly 4.5%.
There was no news from MORE
Maureen Farrell - Jan 16, 2013 2:50 PM ET