Some sell side notes rolling in on Apple (AAPL): JPMorgan reiterates its Buy and $545 PT,...


Some sell side notes rolling in on Apple (AAPL): JPMorgan reiterates its Buy and $545 PT, expecting shares to exhibit a relief rally in the near-term. Goldman ups its PT to $530 from $515, but expects the stock to remain rangebound until a new product cycle begins. Morgan Stanley's Katy Huberty sees a tradable rally headed into new product cycles. CFO Oppenheimer on the CC (transcript): "We are on track to have a very busy fall. I would like to leave it there and go into more detail in October." Shares +3.8% premarket.

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Comments (16)
  • Brian Barbour
    , contributor
    Comments (1346) | Send Message
     
    the bears are quiet now.
    24 Jul 2013, 07:33 AM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    probably in hibernation after making a killing shorting from 700 down to sub 400
    24 Jul 2013, 08:12 AM Reply Like
  • aardvark3
    , contributor
    Comments (689) | Send Message
     
    I hear crickets.
    24 Jul 2013, 07:40 AM Reply Like
  • pagreen1966
    , contributor
    Comments (661) | Send Message
     
    (AAPL) should head much higher going into the fall.

     

    The reason why the stock has been falling for months whereas (GOOG) has been rising is that Apple are very secretive about their plans whereas Google seem to give a weekly update on where Google Glass or self drive cars are in the development stage thereby exciting investors.

     

    I have learnt over the years to never underestimate Apple. They will do something spectacular and unexpected in the next year that is for sure!
    24 Jul 2013, 07:46 AM Reply Like
  • chopchop0
    , contributor
    Comments (5271) | Send Message
     
    Back then though, they had Steve Jobs.
    24 Jul 2013, 08:53 AM Reply Like
  • rubber duck
    , contributor
    Comments (194) | Send Message
     
    Those are sell side notes?
    24 Jul 2013, 07:54 AM Reply Like
  • jmodrkrk
    , contributor
    Comments (94) | Send Message
     
    im thinking you don't really know what 'sell side' means.
    24 Jul 2013, 08:39 AM Reply Like
  • Bear Bait
    , contributor
    Comments (947) | Send Message
     
    I don't really know what it means either; but, I don't think it has a lot to do with selling.
    24 Jul 2013, 11:27 AM Reply Like
  • jmodrkrk
    , contributor
    Comments (94) | Send Message
     
    'Sell side' coverage can be either positive or negative --- it's 'sell side' in that it's commentary coming from brokerages and wirehouses research groups. This is different than the 'buy side' which would be those working in asset management, financial advisory, etc.
    24 Jul 2013, 12:03 PM Reply Like
  • pocohonta
    , contributor
    Comments (662) | Send Message
     
    So the "Sell Side" generate ideas and "Buy Side" invests based on those ideas.
    The problem though is that sell side is often wrong, and the buy side don't know better and hence the "dumb money"
    24 Jul 2013, 12:32 PM Reply Like
  • Joe Dirnfeld
    , contributor
    Comments (1124) | Send Message
     
    Allowing rumors to dictate the value of the company is poor policy. A 300 billion mkt cap drop has devasted investors, it will take time to restore confidence.
    The analyst where so way off on iPhone sales, telling me they know nothing. Their supply chain contacts are worthless.
    24 Jul 2013, 08:57 AM Reply Like
  • CWGS
    , contributor
    Comments (26) | Send Message
     
    Hope is the worst strategy for investing
    24 Jul 2013, 09:06 AM Reply Like
  • Valueplay98
    , contributor
    Comments (582) | Send Message
     
    The penguins cometh!
    24 Jul 2013, 11:05 AM Reply Like
  • Spencer Knight
    , contributor
    Comments (389) | Send Message
     
    Apple's drop was overdone. $700 was way too high, $400 was too low. Somewhere in the middle is right. I don't know or care where. I do know that the two extremes are wrong. Apple is a value stock now. Expect less share price movement. Don't expect q/q or y/y sales declines for many years. Expect higher dividends in the coming years with continued solid growth.

     

    There's some buy side advice for you.
    24 Jul 2013, 12:51 PM Reply Like
  • jmodrkrk
    , contributor
    Comments (94) | Send Message
     
    and this misuse of terminology continues... probably time to leave SA for good
    24 Jul 2013, 12:59 PM Reply Like
  • Nick Cox
    , contributor
    Comments (1445) | Send Message
     
    Uh-Oh! I am long on Apple but get worried when analysts start to go long.
    These over-paid dudes have a long history of being wrong on Apple.
    25 Jul 2013, 02:29 AM Reply Like
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