AAPL Surging Following Extremely Positive Analyst Comments
Apple's stock price has surged nearly 6 percent today following extremely bullish comments from Topeka's Brian White. White feels that the recent drop off in Apple's stock price has little to do with the fundamentals of the company and that the stock is ready for significant growth.
In our view, the sell off in Apple's stock over the past eight weeks has gotten to the point of being "insanely insane" given the depressed valuation (CY13 P/E of 7.6x ex-cash), new blockbuster products for the holiday season, the attractive long-term growth opportunities that lie ahead and the Company's ability to distribute significant cash flow to investors. Those investors that have missed Apple or have been under-weight the stock, now have another opportunity to buy Apple before sentiment takes a turn for the positive during what has historically been the strongest quarter of the year for the stock.
Apple's stock price broke through the $700 barrier for the first time back in September but had been on a significant slide since then.
Update: Apple ended the day up $38/share, or more than 7 percent, closing at $565.
Popular Stories
Apple's stores will be rolling out Back to School marketing materials this week, according to Bloomberg's Mark Gurman. This suggests that the offer will begin in the U.S. in the next few days.
Last year, college students and educational staff could receive a free accessory like AirPods 4 or an Apple Pencil Pro with the purchase of a qualifying Mac or iPad model. The Back to School offer is in...
Google today announced that Waze is getting a handful of new features, including some Gemini-powered personalization enhancements for Conversational Reporting.
Conversational Reporting already uses Gemini when users report traffic incidents like slowdowns, but now you can use it to suggest map updates like road closures or outdated addresses. Saying something like "The road is closed here"...
Apple's M7 Ultra chip coming in 2028 is designed to support up to 1.5TB of unified memory, according to Bloomberg's Mark Gurman. However, whether such a configuration is offered may depend on the state of the ongoing memory chip shortage.
In 2019, Apple released an Intel-based Mac Pro with up to 1.5TB RAM....
