“Apple Inc. should deliver yet another bumper quarter, but some investors are holding out for a monstrous second half when the new iPhone hits and a new online content service takes wing,” Poornima Gupta reports for Reuters.
“Apple’s stock has found itself relatively immobile after quadrupling over the past two and a half years. The share price is up 11 percent on the year, but remain a far cry from brokerage price targets of $450 or more,” Gupta reports. “The stock rose 2 percent again on Friday in anticipation of stronger second-quarter revenue and profit with component shortages easing for the iPad and momentum accelerating in international markets.”
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“‘This stock is still very attractively priced, especially relative to the overall market,’ said Channing Smith, co-manager of the Capital Advisors Growth Fund, which owns Apple shares,” Gupta reports. “‘About once a year, you get an opportunity when the stock is in a funk and some of the short-term concerns crop up… that’s your window to step up,’ said Tony Ursillo, analyst with Loomis Sayles & Co, which owns Apple shares… ‘I am expecting a strong quarter,’ Ursillo said. ‘The concern on the street seems to be more about the outlook for the third quarter, ongoing supply constraints for the iPad and the timing of the iPhone introduction.'”
Read more in the full article here.
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Oh, puhlease. The only concern for the remaInder of 2011 is where Apple can store all their profits!
Profit isn’t always a guarantee that the stock price goes up or down accordingly. Equities move on rumor as well as fact. That’s why you buy calls and puts along with the stock. Cover your butt. Earnings Tuesday. After hours trading is where it is at Tuesday. Be ready because it happens fast!
This are concerns? Non-stop lolz.
And I told my dad to invest in Apple in December 2003 when it was $18 per share. He didn’t listen to me.
Same here. But at 120. Ah well…
Google’s share price shot up by $68 when it reported a modest earning; if Apple reports an earning record of more than 50% its price increase should be more than Google’s – most probably more than $100-$150.
Where have you been? Never happens like that. Apple reports record earnings and AAPL goes down. Always. Just wait. It takes courage to hang on thru the inevitable downs, but in the long run it has been and I think will continue to go up. But do not expect a 12% one day jump like Google had. Expect about a 5% drop. iCal me, huh?