Selling in Apple (AAPL) Shares WAY Overdone, Buy Ahead of China Mobile (CHL) Deal - BofA
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Apple (AAPL): Buy the Rumor, Sell the News
December 17, 2012 3:33 PM ESTThere's an old saying on Wall Street - "buy the rumor, sell the news." It essentially says investors should buy in anticipation of an event happening and sell once that event has occurred. Strangely enough Apple (NASDAQ: AAPL), the world's biggest company by market value, still falls victim to this old Wall Street adage.
If you look at the chart of Apple ahead of key events like earnings or a... More
BMO Capital Takes a Hatchet to Apple (AAPL) after Asia Visit
December 17, 2012 9:20 AM ESTBMO Capital cut their price target on Outperform-rated Apple (NASDAQ: AAPL) from $730 to $670 and reduced estimates following a five day Asia visit and meeting with 32 companies.
"We received both positive and negative comments on Apple in Asia, and return from Asia a bit more negative on Apple. On the positive side, we think the iPhone 5 launch has started well with both China Telecom and China Unicom. China Unicom sold 300k iPhone 5 in pre-orders. Contacts we met with seemed very encouraged by the iPhone 5 launch in China, which happened last week,... More
Canaccord Genuity Cuts Est., PT on Apple (AAPL) on Softer iPad Sales and Mix, Lower iPhone Sales
December 17, 2012 8:48 AM ESTCanaccord Genuity cuts estimates and its price target on Apple (NASDAQ: AAPL) from $800 to $750 due to softer iPad sales and mix, slightly lower iPhone sales. However, the Buy rating was maintained.
"While our November channel checks indicated very strong sales of the iPhone 5, we are slightly lowering our F2013 and F2014 iPhone and iPad estimates due to... More
Morgan Stanley Defends Apple (AAPL)
December 17, 2012 7:52 AM ESTMorgan Stanley reiterated its Buy rating and $714 price target on Apple (NASDAQ: AAPL), saying iPhone and iPad demand remains strong. The firm also said iPad mini cannibalization concerns are overdone. Apple is the stock to own in early 2013, according to the firm, and... More
Apple's (AAPL) China Number a 'Big Print' Topeka's Brian White Says
December 17, 2012 7:47 AM ESTTopeka Capital's Brian White reiterated his Buy rating and $1,111 price target on Apple (NASDAQ: AAPL) Monday following news that the company sold 2 million iPhone 5 in China during the opening weekend.
"In our view, this represents a big print for Apple and... More
Apple's (AAPL) China iPhone 5 Data Should 'Quell Investor Concerns' - Sterne Agee
December 17, 2012 7:24 AM ESTSterne Agee's Shaw Wu reiterated his Buy rating and $840 price target on Apple (NASDAQ: AAPL) Monday after the company announced over 2 mm iPhone 5's sold in its opening weekend in China.
"This is a strong number and should help quell investor concerns," Wu... More
Chinese Snap-Up iPhone 5s; Apple (AAPL) Sells 2 Million in Opening Weekend
December 16, 2012 8:16 PM ESTApple, Inc. (NASDAQ: AAPL) announced late Sunday night that it sold over two million iPhone 5s in China since launching the device on Friday, December 14. The figure from the iPhone maker comes despite reports on Friday that the device was being met with weak... More
Bears Look for Fresh Meat in Apple (AAPL) Suppliers
December 14, 2012 10:14 AM ESTAn number of companies that benefited from the rise of Apple (Nasdaq: AAPL) are suffering as a result of the company's dramatic fall from grace. Since topping out at $700 in September, prior to the iPhone 5 launch, shares of Apple have been decimated, and now... More
Apple (AAPL) Slammed; UBS Gets More Conservative on Growth, Investors on Price
December 14, 2012 9:58 AM ESTApple, Inc. (NASDAQ: AAPL) is taking it on the chin yet again Friday as investor concerns mount. Not only is there tremendous 'fiscal cliff' selling, a number of investment banks are lowering expectations and the China iPhone 5 launch appears weak.
Today, UBS lowered estimates on the out-quarters. Although the firm is not altering Dec quarter numbers materially, they have taken five million iPhones and two million iPads out of the Mar, June, and... More
