Apple the Number of the Beast?
Apple Inc. (AAPL) is hanging out at $666 a share. You know that number don't you? Its the Devil!
Thanks to the flub with Apple's own iOS Maps its been a reason to sell the stock. Its really a big whatever and in a few weeks from now we will all forget about why Apple shares backed 6% from its 12 month high.
Apple shares have traded between $354.24 and $705.07 over the past 12 months. Even with the evil share price Apple has a respectable P/E Ratio of 15.5 and EPS of 42.54. The WSJ.com today talked up more possibilities of the iPad Mini being prepped for the masses. Reporting that Apple's (AAPL) suppliers have begun manufacturing the Mini which will have a 7.85" screen vs. 9.7" for the regular iPad and 7" for Google's (GOOG) Nexus.
If the rumors are true about an iPad Mini then back we go to $700 a share. That will put Apple Inc back on track and to that $1,000 share price by 2015 (or before)
MASTERY Bottom line:
Apple has backed down from its $700 high range. Time to start thinking about adding a small position.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The Eurozone: On the Road to Recovery With a Lingering Risk | Financial Sense
- Some Of The Best Bearish Signals Are Failed Bullish Ones... | ZeroHedge
- Corporate Buybacks at Record Levels | Financial Sense
- How the West Got Hooked On “Humanitarian War” | ZeroHedge
- ECB Keeps Rates Unchanged, QE Details To Come Shortly | ZeroHedge
- EuRo QE DeMoNSTRaTeD... | ZeroHedge
- Baltic Dry Index Crashes: Calamity or False-Alarm? | ZeroHedge
The most relevant financial news and articles from the Internets
- Hillary Clinton says she asked the State... | Business Insider
- Over 50% of American singles had casual sex in 2014 — here's why that's... | Business Insider
- Ten Things Only Bad Managers Say | BusinessWeek
- Australia hit highest World Cup score in history | Business Insider
- Boston bombings trial to begin, two years on | Business Insider
- Amazon's Hit Man | BusinessWeek
- When wives take ill, divorce could be on horizon: study | Business Insider