Apple and United Technolgies: Bargains Amidst the Recession News
Today the Chicago Fed released notes on the economy showing a decrease in U.S. economic activity to the lowest level in five years. This indicates the recession may have already begun. Watch for more recession news to end this stock market rally as analysts look for earnings decline.
I'm taking some profits on some of my financials into this rally a bit while nibbling at long term bargains like United Technologies (UTX) and Apple (AAPL). I think I'll have a chance to buy UTX and other industrials in the next few months at better prices as well.
Disclosure: I own UTX. I sold half my position in both FNM and FRE last Thursday. I own AAPL and added to the position today and last week. I may write some short term out of the money calls (160-170) against AAPL if it continues to rally above 140.
Related Articles
|
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »



This article has 5 comments:
- Brandon
- 76 Comments
Mar 24 05:21 PM- michiganjake
- 25 Comments
Mar 24 09:16 PM- digivision
- 156 Comments
My Website
Mar 25 12:29 AMOf course this is all speculation
til June
- Michael B. Krause
- 60 Comments
My Website
Mar 25 12:36 AMThis is a buy at 115-125 and a sell at 140+ until the clouds are gone.
- deefree
- 57 Comments
My Website
Mar 26 07:33 PMiPod
Macs
iPhone
apply these growth rates to current revenue in a ratio according to their respective product mix. subtract from this fixed costs and cogs. then tell me what that operating profit is, compare it to equity market cap less cash on hand, and then see what the multiple implies for future growth. then you might have something worth reading instead of idle price speculation.
More by David Neubert
Articles on related themes
Long Ideas
Consumer Credit
Insurance
Investment Banks