Lack of Sell-Side Capitulation May Create a Tradeable Rally in Apple (AAPL)
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Apple (AAPL) Shares Near August Low
January 27, 2016 3:30 PM ESTApple (NASDAQ: AAPL) declined Wednesday following the release of Q1 results. Broader markets weakness and lackluster results put the stock within striking distance $92, the intraday low from August 24, 2015.
... MoreGoldman Sachs Keeps Top Rating on Apple (AAPL) Highlighting Massive 1B Installed Base
January 27, 2016 9:16 AM ESTGoldman Sachs analyst Simona Jankowski reiterated a Conviction Buy List rating and $155 price target on Apple (NASDAQ: AAPL) following results after the close. The analyst views the guidance as better than feared and highlights that the installed base is up 25% year-over-year.
Jankowski said they remain buyers of the stock with two key takeaways:
1) March qtr iPhone units were implied at 52mn or better, above... More
