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
- Market Boosted by Caterpillar (CAT) Earnings | Financial Sense
- Every Penny Counts | iBankCoin.com
- Goldman Warns Midterm Elections Raise Risk Around Fiscal Deadlines | ZeroHedge
- Don't Show The "Deflation Isn't Going To Happen" ECB Germany's Declining October Prices | ZeroHedge
- DEATH TO VLADIMIR PUTIN | iBankCoin.com
- Market Breaks As Stocks Explode Higher On Algo-Triggering Headline | ZeroHedge
- The Green Bird Scowl at Shorts | iBankCoin.com
The most relevant financial news and articles from the Internets
- uBeam Just Raised $10 Million So You Can Charge Your Phone While Walking Around Your House | Business Insider
- America's Small-Business Owners Of The Year Explain How They Came Back From The... | Business Insider
- Striking Photographs Show The Accidental Beauty Of Brooklyn's Toxic... | Business Insider
- ... | StreetInsider.com
- Michael Jordan Talks Trash On Obama's Golf Game | Business Insider
- Microsoft Has Fired Its Entire Global Advertising Sales Team (MSFT) | Business Insider
- F5 Networks CEO Explains Retirement, Says Growth Trends Are Intact | TheStreet.com