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
- Weekend Top 100 | iBankCoin.com
- Crude Carnage Continues After Close: WTI Now $65 Handle, Lowest Since 2009 | ZeroHedge
- Trend Changes and the Dangers of Crying Wolf | Financial Sense
- As It Turns Out Deflation Is Good After All | ZeroHedge
- Happy Thanksgiving! | FundMyMutualFund
- WTF Chart Of The Day: Centrally Planned Confidence Edition | ZeroHedge
- Irrational Exuberance – Descriptive Superlatives Exhaustion Point Is Reached | ZeroHedge
The most relevant financial news and articles from the Internets
- China Just Knocked Off The Range Rover Evoque And... | Business Insider
- Taiwan votes in key elections ahead of presidential polls... | Business Insider
- Large blast, ongoing gunfire in central Kabul: AFP | Business Insider
- Macau Is 'Near Broken' | Business Insider
- Sears' Former World Headquarters Is Now In Ruins (SHLD) | Business Insider
- Book Review: <em>Thinking, Fast and Slow</em> by Daniel Kahneman | BusinessWeek
- Marseille beat Nantes to cement top spot | Business Insider