Apple Shares Bounce Back
For the past two trading sessions Apple Inc. (NASDAQ:AAPL) have inched higher after falling daily since mid September. Apple closed the day at $548 a share up 2%. Could we finally have experienced the bottom in Apple?
I would appear so, Apple is on the mend. For investors waiting on the sidelines to get in on Apple now is the time. After hitting $540 Apple Inc is now well above that level and closing in fast on $550. Thanks to the recent decline Apple is trading 33% from its 12 month high of $705. The stock is now attractive with a respectable price to earnings ratio of 12.6.
For Christmas everyone wants an iPhone, iPad or iPad Mini. Its just what we all want, the end. Yesterday Jefferies reiterated their 'Buy' rating on Apple Inc with a $900 price target. They believe Apple's gross margin issues being positively resolved in Q4. Mastery still believes Apple shares will hit $1,000 by 2015 (or before).
MASTERY Bottom line:
The time is now to pounce on Apple while it trades under $550.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The Story Changes: Ebola Is Now "Aerostable" And Can Remain On Surfaces For 50 Days | ZeroHedge
- Ally Financial (Formerly GMAC) Admits DoJ Subpoenas On Mortgage-Related Activities | ZeroHedge
- 3 Things Worth Thinking About | ZeroHedge
- I AM BEAR KILLER. I GOT BIG MAGIC | iBankCoin.com
- S&P 500 Spikes To Record High - How It Got There | ZeroHedge
- All Of These Items Point To a Collapse in the Markets | ZeroHedge
- Reminder About the New Weekly Strategy Session Look | iBankCoin.com
The most relevant financial news and articles from the Internets
- This App Lets You Stream Mobile Games Online, And It... | Business Insider
- Police In Germany Are Trying To Stop Armed Warfare Between Rival... | Business Insider
- Starbucks Tumbles After Reporting Weak Earnings | Business Insider
- Here's What Teachers Really Think Of America's... | Business Insider
- Hamilton seeks to divert attention from F1's problems | Business Insider
- Here's What IBM CEO Ginni Rometty Is Doing To Turn The Company Around | Business Insider
- Crippled by Apple, Instagram's Hyperlapse Forgettable as Standalone App | TheStreet.com