Analysts Cut Targets on Apple (AAPL) Into End of FQ1, But Massive Upside Still Expected
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
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Apple (AAPL) Shares are Incredibly Cheap Into CY13; Recent Dip Shakes Out 'Fast Money'
December 31, 2012 7:11 AM ESTApple, Inc. (Nasdaq: AAPL) has been on a downward trend over the last few months as investors became nervous over capability to meet iPhone 5 demand as well as producing more innovation milestones moving forward. All that downside had done at least one good thing: leave Apple with some of the best valuation on the Street.
According to one Barron's article over the weekend, Apple's 30 percent drop from all-time highs above $700 mean that the stock is setting itself up for a rebound in 2013. The dip may have chased more of the "fast... More
