Goldman Gets Behind Apple
Apple Inc (AAPL) is the one stock that is bucking the downtrend today. It just hit a new 52-week high and its got the blessing of the all powerful Goldman Sachs (GS).
Today Goldman declared Apple the greatest stock in the world. Well, not quite but close enough, the firm reiterated a 'Conviction Buy' rating on the iPad creator. Apple shares are now up 2% and trading at $662.32. Even with that incredible share price Apple still trades with a reasonable P/E ratio of 15.
Apple conitinues to bank massive coin on iPads, iPods, and get ready for the iPhone 5. But wait, there's more! Commenting on recent WSJ reports about an Apple set-top box, Goldman thinks it's most likely evidence Apple plans to offer both a set-top box and a TV set. Some reasons for Apple to produce a set-top box, in spite of the cable industry's wariness: they're cheaper than TVs, have shorter upgrade cycles, and (like the iPhone) are typically subsidized.
Yet another reason to send Apple to $1,000 by 2015 (or before).
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The Surprising Consequences Of The Global Frenzy For Positive Yield | ZeroHedge
- "The Barricades Are Down" Syriza Is Already Rolling Back Austerity "Reforms" | ZeroHedge
- Fired Before Hired: How Corporations Rigged The Job Market And Killed The American Dream | ZeroHedge
- Teachers' Retirement Funds Are Piling Into Manhattan Real Estate At Record High Prices | ZeroHedge
- Putin's Unexpected Victory: Europe Furious That Greece Is Now A Russian Sanctions Veto | ZeroHedge
- Q4 Earnings Shaping Up Weakly | Financial Sense
- FOMC Decision, GREEK WEAKNESS, OIL WEAKNESS | ZeroHedge
The most relevant financial news and articles from the Internets
- Streetinsider.com's Hot... | StreetInsider.com
- IS issues new threat to kill Jordanian pilot | Business Insider
- More Companies Are Switching To Subscription Models — Here's Why Wall Street Needs... | Business Insider
- Business Insider Is Hiring Summer 2015 Interns! | Business Insider
- S&P To Greece: We're Watching You (GREK) | Business Insider
- The 3D-Printer Industry Is Taking Shape, With Big... | Business Insider
- Police bullet fragments killed Sydney cafe siege victim | Business Insider