Is the Apple Still Rotten?
By Steve Abraham on Mar 20, 2008
Apple. One of the best companies and best stocks over the last 5 years bar none. The stock has gotten crushed this year, dropping from $200 to around $115. The million dollar question is whether Apple will be a leader for the next 5 years. Technically, the stock seems to have support around $120. The intensity of selling has lightened up. The MACD is turning bullish. The next catalyst of the stock will probably be the earnings report middle of next month. The company is trading at only 21x forward earnings with a earnings growth rate of at least 50%. Smith Barney has it as a priority buy. I think Apple will once again beat 1q estimates handily. MAC sales are rocking and there are rumors of the 3G iPhone this summer.
This entry was posted on Thursday, March 20th, 2008 at 4:30 pm and is filed under Annotated Analysis.
You can skip to the end and leave a response. Pinging is currently not allowed.
One Response to “Is the Apple Still Rotten?”
Leave a Comment
Recent Blog Posts
- Putting it to the X
- Why it's NOT time to Short Apple and Visa
- Follow Up on WLT
- JPM
- Shorting V
- USO Stock Chart (Short Oil?? Call me crazy)
- Throwing out the Chart on AMZN
- Walters Industries
- Mastercard Again
- D R Horton
- EMC
- Broadcom
- Covance
- RIMM
- Cat Stock Chart
- Turning $5,000 into $400,000..UNREAL
- Resistance Broken!
- Best looking chart seen in a while (MELI Stock Chart)
- WSCI - WSI Industries Inc
- Resistance Holding up
- Dont fight the trend. (MOS Stock Chart)
- UTVG - Universal Travel Group
- Havent Done Your Taxes Yet??
- Mastercard
- Costco
- Bottom or no bottom, That is the question.
- GE
- 5 Commonly Overlooked Ways the US Dollar is Affected
- CMP
Subscribe
   |
 |
Hi, if you never want to miss news that can move your stocks, then sign up for free at easystockalerts.com Hope this will work out for you.
Good luck!