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J.P. Morgan's Thomas Lee notes that several laggards in the first quarters of 2009-12 rebounded in Q2, so he figures select
tech stocks look appealing
now. Tech's forward P/E ratio is below the market's for the first time in 17 years, Lee says. His
most noteworthy call
is to buy Apple (AAPL), which slid 16% Q/Q. Some other favorites: BRCM, CHKP, ESRX, MYL, TASR, CHS, F, COF.
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They had every opportunity to tear apple apart this week with goldman taking it off the conviction buy list and the early market sell off today. Apple retested the recent intraday low of 419 and held support. Could a bottom be in place?...
Apr 6 09:58 AM
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Apple Is Now Cheaper Than Dell, Hewlett-Packard
I was a Tim cook fan until I listened to the earnings conference call. I was in Beijing when they opened the flagship store in late October. Looking forward to seeing the iPhone 5 I was told the Chinese government had not approved it's sale as of yet and the salespeople were told it was not going to be approved until December. Disappointed as were a lot of other buyers. I think Tim cook did a lousy job on the conference call explaining the issues in Asia and the supply constraints that caused the shortfall in sales.
The new galaxy advertising and sales campaign if very successful and Steve jobs would never sit idly by and not fight back with a more aggressive sales campaign of his own. Tim Cook wake up or you will get run over by the competition.
Jan 27 12:04 PM
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