The Best of the Best ?

By Steve Abraham on Jul 12, 2007

Im talking about Apple Computer. You’ve been in a cave if you haven’t heard about the iPhone release. I agree with Cramer that analysts undershoot in the bull and bear markets. Apple is going to earn over $4/share this year. Most analysts say Apple will earn $3.75 this year. First quarter earnings, the weakest quarter of the year, came in at $.87/share beating estimates of $.64. My point is that Apple looks like its going to run up again. I think its possible that Apple sees $200 a share by end of 2008. Is a stock split upcoming with next earnings release on July 25? I can tell you that if I had one stock to own it would probably be Apple computer.

This entry was posted on Thursday, July 12th, 2007 at 3:39 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.

4 Responses to “The Best of the Best ?”

By Oskar Syahbana on July 13th, 2007 at 7:11 pm

This stock alone contributes almost 50% of my portfolio return for the last 2 months. Too bad I also have a sell call position that is eating my profit :-P Do you think the stock will dip next week? It would be a good time to load more options for me and unload some sell call contracts

By Steve Abraham on July 14th, 2007 at 6:48 am

I think the next big move in Apple will happen on July 25/26 when earnings get released. I think there is a chance the stock will pullback some but I wouldnt expect more than 8% pullback. There is too much money behind Apple and I think justifiably so. The company is clicking on all cylinders. They are becoming like the Microsoft of the 90′s.

By Steve Abraham on July 25th, 2007 at 3:41 pm

Apple is trading around 150 in the after hours after announcing .92/share in earnings vs. .72 from the street.

By Gina Fay Rice on December 24th, 2007 at 5:59 pm

There’s not much to even talk about this. Wizetrade suggests holding on. Apple still has plenty of breathing room to keep making more money.