Apple Inc. (NASDAQ:AAPL) CEO Tim Cook is scheduled to speak at Goldman Sachs Group, Inc. (NYSE:GS)’s Technology and Information Conference tomorrow at 10:15 a.m. Eastern time. The original time of his speech was six hours later in the day, at 4:15 p.m. Eastern time. This will be the second year Cook gives his speech as Apple Inc. (NASDAQ:AAPL)’s CEO. Apple will stream audio of the event live.
Wall Street has been buzzing about Cook’s speech since at least last week, when it was rumored that he said something in his speech at Goldman Sachs Group, Inc. (NYSE:GS)’s event which pushed the stock higher. Unfortunately for those who made a bet on the stock because of that rumor, his speech isn’t until tomorrow. But what really has the rumor mill going now is the fact that while Cook’s speech was initially going to come after the markets closed, now it will be right at the beginning of the trading day.
Of course we’ve been hearing a lot about what Apple Inc. (NASDAQ:AAPL) could do this year, including everything from the release of an Apple Television set to a less expensive iPhone. Today there was speculation that Apple Inc. (NASDAQ:AAPL) is testing a smart watch, and like all things Apple, investors and techies alike just gobbled the news up.
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Cook’s speech tomorrow comes at a key time for Apple Inc. (NASDAQ:AAPL). Investors are dying to know what the company’s up to now. Shares of Apple Inc. (NASDAQ:AAPL) took a major hit after the company’s earnings report last month, even though it really wasn’t a bad report. The stock dipped below $450 per share, but it has begun to make a decent recovery within the last five days, topping $480 per share today. So what will tomorrow’s speech do to it?