Jun 11 2007
I’ve to admit Apple Inc.’s (Nasdaq: AAPL, stock) is one of favorite stocks simply because it the branding, its’ innovative products and Steve Jobs. I can’t imagine what will happen if Steve Jobs is part of Google Inc.’s (Nasdaq: GOOG, stock) team. It would be awesome, but I guess the law of nature would not allow such a thing to happen. Anyways, looking at how the Apple’s stock has been performing since the last quarter earning announcement, I can’t see why Apple cannot break the $130 per share target.
It was only less than two months ago when skepticals were not very sure if it can hit $100 per share, the rest is history, so to speak. To FinanceTwitter readers who are trading option or investing U.S. stocks just like me, I’m pretty sure you still remember when I blogged on Make Money – Why You Should Invest Apple Stock Now (please click to read it if you’ve missed it) whereby the justification was quite simple. The data and statistic doesn’t lie and that’s the beauty investing in U.S. equities – you can pretty sure the statistic are reliable and should you be able to derive the conclusion from it, you can make money out of it.
Now, supposing you’re still wondering if it’s too late to jump into the Apple boat, I can only say that I believe (I can’t guarantee, mind you as I’m just a ordinary trader *grin*) the uptrend of Apple will be intact, at least before the 29-
June, the date that the first Apple iPhone will hit the street. So far, Apple has re-confirmed the date and the feel-good is in the air. If I read the latest news from AP with my right-mind, Apple is expected to present its new operating system at the weeklong Worldwide Developers Conference on Monday will further add spices to Apple’s stock. Piper Jaffray analyst Gene Munster is expecting the Leopard (the next Macintosh operating system) to be integrated into Windows operating system seamlessly.
June, the date that the first Apple iPhone will hit the street. So far, Apple has re-confirmed the date and the feel-good is in the air. If I read the latest news from AP with my right-mind, Apple is expected to present its new operating system at the weeklong Worldwide Developers Conference on Monday will further add spices to Apple’s stock. Piper Jaffray analyst Gene Munster is expecting the Leopard (the next Macintosh operating system) to be integrated into Windows operating system seamlessly. Lehman Brothers analyst Harry E.Blount reiterated an “Overweight” rating on Apple stock with a whopping $146 per share target price ahead of the meeting. New Mac operating system releases typically boost sales for the company about one or two quarters after release. Just imagine this, an impressive demo of the Leopard, follows by the iPhone and probably, just maybe Steve decided to announce a stock-split, where do you think the stock will be heading? Up to the North Pole – why am I drooling in wanting to add more Apple into my basket?
Other Articles That May Interest You …
|
|
June 11th, 2007 by financetwitter
|
|
|
|
|
|
|
Comments
Add your comment now.
Leave a Reply