Jason Schwarz submits:The upcoming Apple (AAPL) earnings report is the most anticipated in recent memory. We supposed that all eyes would be on iPad sales, leading many to believe that 2010 stock performance could track the stellar 2007 performance generated from the original iPhone launch. It looks like the first ever quarter of iPad sales will show more units sold than all other Mac units combined.
Apple Inc. (NASDAQ:AAPL) stock fell by 1.66% in day trading on Thursday as Bloomberg shed light on the fact that a larger iPad might not see the light of day commercially until the end of 2015. The stock shed points throughout the day based on a Deutsche Bank research note that maintained a $110 price target on the stock and claimed that the Apple Watch would have limited impact in the wearables market and Apple’s revenue and earnings over the next few years.
It’s time to sell Apple (AAPL). There are probably not that many people who will tell you that right now, if any really. However, that is a large part of my rationale for selling it. First, I should be very clear up front that I love Apple as a company, a stock, a retailer, and the manufacturer of the best consumer electronics on the market. I will argue any day that Apple is the best run company on the face of the planet and the performance in its stock over the past two years reflects that.
Jason Schwarz submits:It’s been a good week for the portfolio with Apple (AAPL) up $10 since Monday, Sirius (SIRI) staging a .13 rally to its 52-week high of $1.74, and Suncor (SU) / oil moving slightly up.
Apple (AAPL) has fallen nine percent in the past month and investors are scratching their heads. Apple started 2012 with significant appreciation but has been in a tailspin since hitting $705. Optimism surrounding the company has vanished and the media is now extremely critical of Apple. Now more than ever it is important to monitor developments for the company and its competitors.
Three weeks ago, Carl Icahn did what he does best (and lately, pretty much the only thing he does): urged Apple to buy some more stock back from him, when he said that he sees AAPL stock hitting $200/share (or well over $1 trillion in market cap), even though he himself has no plans to buy more stock. Nothing surprising about that.
Apple Inc. (NASDAQ:AAPL) has been making the news yet again, this time because it has become the first US publicly traded company to cross the threshold of a market capitalization of $700 billion. The recent rally in Apple’s stock price has been fueled by the historic earnings that the Cupertino-based tech giant delivered last quarter. Moreover, anticipation about the upcoming rollout of the Apple Watch as well as the growing popularity of Apple Pay has led many to believe that Apple stock is grossly over-valued.
On CNBC this afternoon I mentioned that I hope Apple tells Carl Icahn to stuff it. This startled some folks, so I figured I would explain this thinking in more detail. First, the back-story... Billionaire activist investor Carl Icahn has found a new target: Apple.
Apple stock has tanked 35% from its all-time high, and now sits at $450. If things go badly for Apple over the next several years, the stock could fall a lot farther from here. But if things go even moderately well, the stock should deliver a compelling return. Why? Because, at $450, the stock looks cheap. At $450, Apple stock is trading at 10X trailing earnings per share.