Thursday, 25 July 2013

US Stock Tip: Apple finally making a comeback this quarter

Dear Friends,

It seems that Apple this quarter finally has a chance to come back from the dead! Today with the release of its earnings results, it gaps up $20. Wallstreet finally priced the expectations so low that it climbed over it. It fetched an EPS of $7.47 beating the estimates of $7.305. Not much for a beat, given that in the past it seems to blow away the estimates by $2 or $3 easily.

But this results seems to be loved by Wallstreet, given today's gap up of $20. This is all that matters. Everything about stocks are priced on expectations.

Apple does have a chance of staging a comeback. A price above $450 would confirm this! Keep a lookout for this. Put inside your watchlist.


Based on prediction by October, not short term
Now: $443
Long term Target : $495-$500

Rgds
Daniel

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