Market Currents
Brian White tries to ride to the rescue of Apple (AAPL), reiterating his $1,111 price target...
-
Monday, December 17, 2012, 7:42 AM ETBrian White tries to ride to the rescue of Apple (AAPL), reiterating his $1,111 price target after the company reported selling more than 2M iPhone 5s in its first 3 days of official availability in China. Also leaning against the Citi downgrade are Morgan Stanley and Barclays. Shares are bouncing from premarket lows, -1.4% to $502.49.
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 36 comments:
They must have believed that there was "one person" in the Apple Store.
Current price is more than half-off Mr. White's price target. Not a bad time to buy shares, so it seems.
Looking at a chart - iPhone 5 initial sales were 25% better than for the iPhone 4s, which was more than twice the sales of the 4.
Analysts keep comparing sales of the 5 to the 4s, which is wrong. I think 5s sales will be really big.
I sold my complete holding again on the day the iPhone 5 was released as I knew from previous years that the stock price would fall back. Bought into the stock again a few days again in the low $500s.
Will sell again in the Spring when it hits $750.
This stock is in bear mode, you don't buy it unless you want to lose money!
ibm 13.85
goog 21.99
and so on. Apple is not over priced
2 Million units over the launch week end is pretty significant by any measure. Especially compared with the global launch in Sept, that claimed 2 million orders in 24 hours over a bunch of European countries and the US.
It derives conclusions from what would have been stories a century ago. Its participants are hired word slingers who showed high aptitude for socializing through media. Analysis is not on the skill list.
It has an agenda to make quick bucks. Newspapers once had a goal of advancing the editors' views and were up front about it. Then we went thru a couple of generations pursuing the Holy Grail of "unbiased reporting," which I would put inthe same category with perpetual motion. Next we hid the bias. Now I am convinced it has fallen back into unconsciousness. Partisans no longer realize that they hold an option. They are sure that their beliefs are facts.
A few business reporting organizations are business like, but most of what you hear is the virtualized sound of inexperienced, minimally educated, low paid, uninvested writers' gums flapping together.
Harvest what facts you can. Ignore the rest. Spend time on the opinions expressed by those who profess to hold an opinion and who can describe the counter arguments.
I hold the opinion Apple is a strong company and that the market is reading its second derivatives as if they were the primary function. This is aided by reporters who were people people and weren't that good at math (read: critical thinking). My opinion is that some funds will return and add back on a tech signal. Some other investors will look at AAPL for what it is after the media hype both ways and push it toward fair valuation. Investors generally will drift back into the market once they realize voting for speeches about change won't change their fortunes and they settle back into providing for themselves I am hoping to add but waiting for a sign the fever has broken. It will cost me some gains.
The counter argument seems to me one that media-ism dominates investment decisions, that HFT has removed all fundamentals, and that the market is broken. That AAPL could trade as irrationally low as AMZN does high and that could continue for years. Could be. The tape will tell.
Apple is clearly a great company at innovation, and in the last decade, also at execution and strategy. Will it ever be fully reflected in the price? I don't know. Maybe if and when the PIGS are flying.
I am of same opinion regarding the media, only you expressed it better!
The company intrinsic value is not reflected in the stock price, and that means trading opportunity.
I have bullish option spreads on AAPL.
Nokia Lumia 920 used in Voice-controlled Home Automation demo: http://bit.ly/TXdBD5
Yes, Apple, prepare to be left behind. The future is already here and it's not called the iPhone.
I have another spin on Apple's order cut for next quarter. Foxconn is in Asia, and there are tons of analyst in Asia following Foxconn, and these analysts should have very close relationship with Foxconn. How come they did not know the Apple order reduction. Rather they have to wait for US analyst to fly to Asia, discover such an information, come back to downgrade Apple, then the Asia Analysts all the sudden wake up based on this news, realizing that Foxconn and other suppliers are in trouble. This is just not logical to me!
look at the timing of these types of analyst notes...why put stuff out there at technical trading levels? to push the stock in the direction you want....
Has anyone realized that the iphone 5 was in short supply just weeks ago.....now all of a sudden were over supply??
Also, why would apple just revamp the whole product line at once and not keep updating though the next year as the competition rolls out products to target apples current products? Thats why the SG3 did so well this year.....
Look for iphone 5s in spring and probably a mini retina in summer
I suppose that the Apple bashers consider Microsoft purchases in the 1980's and 1990's "one time purchases". Are they that obtuse? No computer, phone, tablet, iPod nor any other new programmable electronic device has had a lifespan of more than 5 years at most for the last 3+ decades. These “experts” are also talking about a Company that is more solvent than our own Government! Billions in cash like no company has ever had! The only reason Apple is down, is because we have allowed Congress to change the investment rules over decades to such a point that the professionals can make money destroying a company like Apple that is actually the "poster-board" company of what we want in America. Corporate profits actually earned by making something! What a concept! Tear down America and make a profit. Is that what these "so called" experts believe is OK? It’s time for the SEC to do their job! It isn't free speech to yell fire when there isn't any. Real people are being hurt in America. Time to put some in jail.
Next the weatherman will decide its gonna snow meanwhile theres 6 inches on the ground