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
- How Many Monitors Does The Co-CEO Of The World's Biggest Hedge Fund Need | ZeroHedge
- French Economy Minister To Resign On Tuesday | ZeroHedge
- These Are The Best And Worst U.S. Cities To Own A House | ZeroHedge
- After Its "Predatory Tax Grab", Europe Prepares Crackdown On Amazon, McDonald's | ZeroHedge
- FBI Recovers 30 Benghazi Emails Deleted By Hillary | ZeroHedge
- For The First Time Since The Recession, Boeing Won't Raise Airplane Prices Due To Plunge In Demand | ZeroHedge
- US Consumer Confidence Strongly Beats Expectations | Financial Sense
The most relevant financial news and articles from the Internets
- Paywalls have worked for some traditional publishers, but may not work for digital natives... | Business Insider
- The best free online business courses starting in September... | Business Insider
- It looks like we won't be finding out the name of... | Business Insider
- Amtrak will start using high-speed trains in 2021 | Business Insider
- Microsoft joining China's... | Business Insider
- 'Must-see' TV events are getting hit with big ratings drops | Business Insider
- These are the blockbusters that saved Hollywood at the box office this summer | Business Insider