A Good Way To Stay Long Apple Without Owning The Stock

Thu, 05/10/2012 - 14:35 EDT - Seeking Alpha

By The Independent Investor:Why own just any stock in the market, when you can own Apple (AAPL)? While Apple's stock has been volatile over the last couple weeks, it is hard to find a better performing stock in the S&P 500 and its tracking exchange traded fund, SPY, over the last several months.(www.thestreet.com)Apple shares generally consolidated around $450 a share in December of 2012, before taking off after the company's blockbuster first-quarter earnings report.Apple's recent second-quarter earnings report was very impressive as well. In addition to beating on the top and bottom line, the company also easily surpassed most analyst estimates for shipments of iPhones and iPads, shipping nearly 35 million iPhones, double what the company shipped last year.Still, despite Apple's impressive recent earnings report, the stock has pulled back nearly 15% from its all-time high of around $675 a share during the recent sell-off, to around the $550Complete Story »

Original article
Login or register to post comments

Philip Morris International: Recent Earnings Should Take The Stock To $100
By The Independent Investor:It is always interesting to compare the headlines of earnings reports to the actual substance. While the top line and bottom line numbers are certainly important, a company's actual numbers and guidance can often be very different from what the original headline would have many traders and investors think.
Why Now Is The Best Time To Short The Market
By The Independent Investor:Americans always seem to think the world revolves around them. While most people have a more international outlook today, it is easy to assume the U.S. economy can drive economic growth around the world.
Why Apple's Stock Is Grossly Overvaluing The Company's Free Cash Flow
By The Independent Investor:Wow, Apple (AAPL) sure has been quiet of late. While the S&P 500 and its tracking exchange traded fund, SPY (SPY), have risen about 20% from the summer lows of last year, Apple is up over 20% since the beginning of this year.
The Best Way In The Option Market To Short Apple Today
By The Independent Investor:We should have two markets, one for Apple (AAPL) and one for the rest of the market. While during the last couple weeks the S&P 500 and its tracking exchange traded funds (SPY) have pulled back nearly 5%, Apple's stock remains just dollars off its all-time high at around $630 a share.
Why The Market Rally Will Likely End This Week
By The Independent Investor:The market doesn't seem to go down any more. While disappointing news out of Europe, weak industrial data from Asia, and disappointing earnings reports from major companies such as Apple (AAPL) have put pressure on stocks over the last month, the market has consistently rallied for nearly a month.
Why General Electric's Earnings And Dividend Should Double Within 5 Years
By The Independent Investor:The S&P 500 and its tracking exchange traded fund, SPDR S&P 500 Trust ETF (SPY), has rallied nearly 20% from the market lows of last year, and stocks such as Apple are up over 30% this year alone, but the recent sell-off has been brutal.
3 Reasons The Market Could Plunge Next Week
By The Independent Investor:Well, the market is going straight up.
3 Reasons Why Apple's Next Move Will Likely Surprise Shorts And Longs
By The Independent Investor:Wow, Apple (AAPL) isn't going straight up any more. Apple shares have nearly doubled over the last year, and while Apple has underperformed the S&P 500, and its tracking exchange traded fund, SPY, during the recent sell-off, the stock has rebounded nicely from its mid-May lows, to around $580 a share today.
Earnings Preview: Apple's FQ3 2010 Report
Andy Zaky submits:As shares of Apple (AAPL) continue to fall under pressure due to negative market reaction to “Antennagate” and disappointing results from IBM (
Apple, Coca-Cola Lead Strong Earnings Season
Dr. Stephen Leeb submits:Earnings season is hitting its stride. Over 100 of S&P 500 companies have already reported first quarter results, and it appears we’re on track for a relatively positive season.

Main menu

Secondary menu

A Good Way To Stay Long Apple Without Owning The Stock

Related

Latest

User login

Our Blog

Markets Map

Follow Us

Secondary menu