These estimates appear to be too low, and Apple could easily beat them. The 52 week range is $310.50 to $426.70. Apple shares are a source of funds and liquidity (almost like cash). Just as some hedge funds and investors sell gold to raise cash, many are doing the same with Apple. It's smart to use these cash raising dips as a buying opportunity, because the long-term trend for Apple is up, and the stock remains very undervalued.
The growth from China is not priced into this stock. There are only 4 Apple stores in mainland China, and 1 store in Hong Kong. The expansion potential in China is absolutely enormous and this stock is too cheap at about 10 times earnings. Dips to about $366 look like particularly good buying opportunities since this is right around a key support level (the 200-day moving average).
Apple is likely to see a surge in revenues this holiday season with iPhones and iPads being one of this years most wanted gifts. Furthermore, while Apple is expected to offer some "Black Friday" deals, these products are in such high demand that the discounts will be small and that means strong profit margins for Apple. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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