Since this was another stock that did not cost that much, 103 shares of the company were bought. A total of $3,959.32 was spent. This left a total of $5,420.44 to spend on one more new stock. There was no dividend placed on this stock, so no extra money was added. On April 8, 2015, Johnson & Johnson stock was bought from the April 7, 2015 closing price. Since this stock was more expensive than the Steve Madden stock, only 54 shares were bought. The cost of the 54 shares totaled to be $5,405.40, making the total of the two stocks to be $9,364.72. With the two stocks totaling up to $9,364.72, there was $15.04 left over to add to the profit in the end. There were no dividends for this stock in the time that it was being kept track of. On May 4, 2015 all four of these stocks; Apple, Nike, Steve Madden, and Johnson & Johnson from May 1, 2015 closing price. The 30 shares of Apple were sold for $3,868.50, to make a profit of $309.00 from the original purchase price of $3,559.50. The 22 shares of Nike were sold for $2,217.16 from the original $2,053.70, to make a profit of $162.46. When the 103 shares of Steven Madden were sold for $4,409.96 to make $90.64 from the original $3,959.32. The last of the 54 shares belonged to Johnson & Johnson being sold for $5,407.02 from the original $4,405.40 to make a profit of $1.62. After all these companies were sold, a total of $15,557.68 was made, making that a profit …show more content…
What the company did not expect was that for the earning to actually top the expectations. According to InvestorPlace, since the new iPhones had been sold, the company’s profits were a high 20% which was $1.42 per share. The company had only expected a $1.31 profit per stock, caused stocks to sky rocket. Since this company sells their products world-wide, the profits were greater than that of if the company only sold to this nation. Along with the fact that the company has also noted that consumers are not waiting the initial two year of normal contracts and are upgrading earlier. This means that Apple needs to continue to come up with the latest and greatest product sooner because the demand is greater the supply also needs to be greater. Since people are upgrading earlier and Apple is producing the product the profit of the Apple company has increased, shown by the closing prices of this session that was recorded. Since Apple is a technology company, it falls under the stock of NASDAQ. When comparing both companies, NASDAQ and Apple, the two follow a very similar line pattern. When NASDAQ went up, Apple went up, and when NASDAQ went down, Apple also went down. Apple was very reliable, due to the fact that it is a technology company, and technology can only make your life easier, making it a good stock to invest