Apple Stuck in Limbo
Sick of reading about Apple Inc. (AAPL) and its recent woes? We all are. Now expect the Hater-Aid to be poured on richest company in the world.
The target price reductions are coming in hourly from the major firms covering Apple (AAPL). If you are concerned about them, stop reading them. It's that simple. Do not fear America stock trader, Apple isn't dead yet.
Thanks to the pullback Apple Inc 's (AAPL) is trading under $500, today at $488. The company trades with an incredible P/E of 11.4, that's a bargain. Apple shares are now only 14% away from its 12 month low.
Expect Apple to trade on the winds of the headlines until they deliver their Q1 earnings call next Wednesday (Jan 23rd). Forget what the media is saying or reporting, they are just interested in ratings.
Bottom line: Be patient, next week Apple Inc. and Wall Street will price the company's shares appropriately.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Implications of the Secular Stagnation Debate | Financial Sense
- WTF Chart Of The Day - Chinese New Share Accounts Edition!!!! | ZeroHedge
- It Just Cost Deutsche Bank $25,000 Per Employee To Keep Its Libor Manipulating Bankers Out Of Jail | ZeroHedge
- China's "Animal Spirits" May Call For "Draconian" Measures To Curb Rally, UBS Says | ZeroHedge
- The Big Four Economic Indicators: Real Retail Sales | Financial Sense
- Yes, Colombia! | ZeroHedge
- U.S. Oil Glut: How High Can It Go? | ZeroHedge
The most relevant financial news and articles from the Internets
- How Stephen Curry scored 6 points in 9 seconds to complete the most insane comeback of the... | Business Insider
- Volvo has installed a luxury lounge in its new XC90 SUV | Business Insider
- This simple trick lets you record as much Snapchat video as you want | Business Insider
- Chinese football faces ping pong challenge: Eriksson | Business Insider
- A breakdown of the $229 billion gun violence tab that... | Business Insider
- The 15 Apple Watch apps you need to download first, according to Apple (AAPL) | Business Insider
- Incredible image of a giant 17-mile-long iceberg that just broke off... | Business Insider