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
- Bitcoin Offers Free Currency Movement in China, for Now | Financial Sense
- Steve Liesman: "Get Ready, Here It Comes: A December Taper" | ZeroHedge
- In The Third Quarter, The Rich Got Richer By $1.9 Trillion | ZeroHedge
- Abe Approval Rating Plunges (But Japan Is Not Venezuela, Yet) | ZeroHedge
- Pope Francis Named Time Person Of 2013 | ZeroHedge
- 2 Unicorns For Sale - $930,000; Must Go Together | ZeroHedge
- GM Appoints First Female CEO As Mary Barra Replaces Dan Akerson | ZeroHedge
The most relevant financial news and articles from the Internets
- Lego Is for Girls | BusinessWeek
- Sequestration Is Finally Working | Business Insider
- Elon Musk Explains The One Thing That Will Lead To A Fundamental Breakthrough In... | Business Insider
- Here's George W. Bush Showing Off His... | Business Insider
- Android Dominates... | Business Insider
- 5 Skills Of Disruptive Innovators | Business Insider
- BUDGET DEAL REACHED — Here's What You Need To Know | Business Insider