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
- Goldman: "All Our Clients Are Confused And Unsettled" | ZeroHedge
- A Trade War Is in No One's Interest | Financial Sense
- Mass Exodus From High-Taxes - Which States Did Americans Leave In 2016? | ZeroHedge
- Asian Media Warns Of Conflict, Economic Turmoil Under "Trump World Order" | ZeroHedge
- National Park Service BTFO: Cucked Agency Ordered to Cease Using Twitter After Mocking Trump Inauguration | ZeroHedge
- Trump and the Four Levers of Government Policy | Financial Sense
- "We Are Two Nations... Maybe More!" | ZeroHedge
The most relevant financial news and articles from the Internets
- Trump says he will begin renegotiating NAFTA... | Business Insider
- 25 of the worst US cities for credit card debt | Business Insider
- Turkey's economy is being held back by bad policies | Business Insider
- Steelers forced to evacuate hotel at 3 am after a Boston-area man... | Business Insider
- $25 BILLION: Trump's plan to cut Wall Street... | Business Insider
- 11 books President Obama thinks everyone should read | Business Insider
- The US Air Force spent $387,000 to make the lobby outside a 3-star general's office... | Business Insider