“The bar has been raised too high for Apple [AAPL] ahead of quarterly earnings and could disappoint investors, Tim Seymour of EmergingMoney.com said Wednesday on CNBC,” Bruno J. Navarro reports for CNBC
“On ‘Fast Money,’ he called out Apple CEO Tim Cook’s revelation this week that the company recently sold 100 million iPads,” Navarro reports. “In order to boost Apple stock, Seymour said, the company would need to sell in the neighborhood of 200 million iPads next year.”
Navarro reports, “‘It’s not a valuation question. It’s an overcrowded trade, where it’s show-me-now, and there’s not much to show them,’ he said. ‘I think the stock goes to down to $580 before you get good support.'”
Read more in the full article here.
If you’re going to speculate, are you even going to look at past performance at all? Apple has proven a consistent ability to innovate ad to skate to where the puck will be. If Apple begins to show an inability to do that, or when Apple products show slower growth, then you can say that there is saturation or waning interest. There is certainly no indication of that yet. Why other stocks soar of companies that are worth less and show less progress while shmoes like this call for Apple to sink is absolutely insane.
Seymour is permanent on apple who owns Samsung stock for his foreign hedge fund.
So if apple stocks do tank after they announce their earnings, will the stock drop right away or could it possibly drop and then rise because they had the wrong estimates?? I’m curious cause I put a stop loss order 600
Maybe after AAPL splits the stock.
Nobody benefits by a stock split. It is just smoke and mirrors. If you can’t afford a single stock unit at a time then you likely can’t save enough to even invest. Give it up.
while true, however that would imply that most buyers/sellers have BRAINS.. and brains that function properly… and based on the price/performance it’s clear they do not… so a split would give a perception that the stock is a great price… and likely move it up faster..
No it won’t. Look at past splits. Usually there’s a spike when the split is announced, but if you look at the average over the period until the split executes, there’s little upside beyond the normal movement of the stock. At least in AAPL’s case.
Translation: Because we have underestimated Apple in the past we fully intend on setting the bar so unrealistically high that Apple can’t possibly reach it, so we can feign disappointment, kick the stock around and make a killing.
Wall Street – stripping out the wealth for the 1% for the past 100 years or so…
“Wall Street – stripping out the wealth for the 1% for the past 100 years or so…”
…and is the reason why, in my conspiracy-minded analysis of the science fiction movies of the last 80 years, New York City is always the metropolis wasted by alien invasions, tsunamis, subway hijackings, terrorist attacks, virulent epidemics, zombie apocalypses, meteor targets, volcanos, and King Kong and Little Joe Young, not to mention moral indictments, C.H.U.D. dwellers, blackboard jungles, police corruption, lurking Men in Black, and assorted cases of serial killers and atrocious off-broadway theater productions.
Hollywood—our champion: gunning, in their own signature way, for the last three generations, for the Wall Street nexus that is the vile and corrupt nucleus of this city; Hollywood, being cheered on by billions of us “out-of-towners,” which includes all the rest of us: rubes, dunderheads, and chumps according to the Wall Street types. We can’t stop your robbery of our economic freedom, nor your cynical assessment of our character, but through the magic of cinema we can at least imagine how satisfying it would feel if your asses were handed to you on Captain America’s shield.
What? Holy cow. What the hell are you talking about boy? Listen, we like it out here in Hollywood(which is really Burbank) so keep running down New York. Have at it. Although the Prez is gumming up the traffic this evening as he visits Jay Leno. You don’t want to be near Olive and Alameda! Or Bob Hope ( airport). But yeah, we like it out here. Nice weather, pretty girls, nice cars, pretty girls, great food, pretty girls……….. And by the way, it’s Mighty Joe Young not Little Joe Young. Okay, continue with your rant.
Fall off your meds again?
As much ad I’d like to see $700 again, I’m actually looking for the market to punish AAPL tomorrow. It’s the same ol’ same ol’ where the Wall Street guessers set their targets and if AAPL doesn’t meet them the stock gets hammered. Tomorrow’s iPad numbers will most likely come up short, ad will the iPhone numbers.
Doesn’t matter that sales will ultimately be through the roof, the guessers will sell like crazy. We’ve all seen this before. It’ll be a good buying opportunity for sure.
For the last 10 years the same pessimistic predictions have been made. Why are they given credence? Fear will attract the readers but it doesn’t equate reality especially when analysts try their negative hand at the most valuable company in the world. This is Apple and they have a hard time understanding insanely great companies.
As I have said before .., Apple needs to do a 3 for 1 stock split to bring the price down to where individual investors can get in and wrest control from the institutional buyers…. These funds control the stocks ups and downs so they can make money on the dips and climbs… It is sad and Apple could stop this if they had a mind to.
Andy Zaky put up a brave front about Apple’s strength calling a bottom of $610 but he was wrong. The economy isn’t getting any better and the hedgies are going to strip whatever gains Apple shareholders had away to make money for themselves. It’s plain to see that Wall Street doesn’t care much for Apple because they’ve disrupted a couple of industries. Apple will remain the most successful and wealthiest tech company on the planet because the hedge funds have no control over consumers’ buying habits but the share price will continue to fall faster than ever.
Apple’s share price is only worth as much as the hedge funds make it to be. Apple’s bull analysts have (intentionally or unintentionally) fooled Apple shareholders by filling them with pipe dreams that won’t be met. The stock market has become a casino and playtoy for the hedge funds and only they can control it to win. I’m expecting Apple will miss hugely tomorrow and fall well below $600. It’s the nature of a crooked game. Apple is busting its chops for naught from a shareholders point of view.
Thankfully Apple owns the largest hedge fund.
It will take a little more time, but AAPL shareholders will have the last laugh.
Interesting perspective, but I’d like to point out one thing – there is no last laugh – just one long and badly-written sit-com – a few guffaws, but lots of groaners.
You could have had the ‘last laugh’ if you sold at $700. Once upon a time that was $200. Will Apple get there again? Who knows. Maybe if it falls to $300 and goes back up to $500, there will be another chance for a last laugh. AAPL’s only worth what you sell it for, whenever that might be, and that will be the day you laugh or cry.
We need to look at where Apple has been in the last year before claiming the sky is falling.
http://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1351134178515&chddm=98923&chls=IntervalBasedLine&q=NASDAQ:AAPL&&fct=big&ei=3KuIUPiEG8GciALr4QE
Even with the the recent drop Apple is up 50% YTD.
The stock takes larger drops and comes back again with vengeance. The dollar value maybe larger but the behavior is the same.
It’s annoying (almost criminal) to see the brokers play with the stock but until there is market reform the ups and down will repeat themselves.
Apple has been struggling lately. Partially because it almost always drops before product release or earnings. We have both this week. Earnings may be rough. Stock price could drop precipitously. I may have a few calls going into earnings tomorrow but mostly I will be on the sidelines waiting to see what happens on Thursday. Should have some upside going forward especially if the price drops to $580. And yes, that is possible. Still like everything that Apple makes but as far as an investment I believe it’s going to be a little tougher to make money with Apple. This isn’t the Apple of the last four years. But it could be good for a pop through January. After that, we’ll see. Be a wise investor, do not be foolish around earnings. You can be a cheerleader or a fanboy but don’t bet the rent money. Use your head.
What is this guy smoking? Apple is already oversold and its future is bright after the product lineup that it just revealed. Those new products follow the updates that Apple released just 6 weeks ago – the new iPhone 5, retina MBP, and iPods.
The only problems that Apple has are producing iPhones and iPad minis fast enough, and completely extracting themselves from Samsung as a major component supplier. There is a lot of room left for Apple to grow, and many people have missed huge opportunities by betting against Apple over the past decade. Apple is not done, yet.
Go ahead and drop, say what, $580, why not say $500, or hey, $400. How low can you gooooo anyone for $300? Keep it up Wall Street, and you might find yourself having to buy Apple on the Nikei index, or maybe they will just take it private, of BUY Wall Street, or better yet revamp the whole stock market itself, right after they get the TV deal they want.
This investor is more concerned about the great quality products and especially the interface. Gosh I saw a computer salesperson trying to figure out Windoze 8 the other day, the poor guy was scared, until I told him not to worry, he won’t be selling that much of them. Then I walked over to the Mac area and talked to a couple who were wanting to buy a Mac for their son. He just stood there and watched me make the sale for him. It was easy cause it was a QUALITY decision for them.
If you want quantity, but South Korean won’s, you can get thousands of them for 10 bucks.
The Stock Shouldn’t be dropping this low because of several things investors fail to see. The Huge cash pile Apple is sitting on, the New innovative products and Constant demand for things that are getting talked about. Look around and see what people are using. Almost everyone is using apple products, Even Teenagers have iphones! So if the platform has the marketshare, there is huge interest in the products coming out and they are constantly selling out causing a 3-6 week backorder. The Stock should be going up not down. The Argument that Maps app and little non-issues like scratching and such isn’t solid. Think about the future products ,the marketshare and the increasing adoption of it’s products in various points and There is huge positives. Have Faith in Apple Being the Share price up and ignore the Naysayers!
The stock will go up when you are personally willing to pay $700 for it. If not, get back on the sidelines and be quiet.
no. You be quiet.
Shhh!!
LOL…
I bought AAPL in 2006 at about $47, my financial adviser said it was a mistake! i sold it when I knew that the financial crises would hit in 2007 at $180. I then saved the money and bought AAPL again in 2009 at $100 my financial adviser then said it was a mistake again! I now earn more then double in EPS then I initially paid for the stock! my advise get rid of those financial advisers! I’m now retired at the good old age of 47! even if AAPL ever hits $47 again, I will have never made a loss!……….
None of these analysts have a clue. It’s all about pulling a number from their proverbial ass and praying it comes true.
I predict the stock will go to $745.00. And you know what? One day, it probably will but who gives a shit.
If the bar is too high for Apple it’s in the bloody clouds for everyone else!
If Apple split their stock it would likely rocket up again, purely because so many analysts seem to be afraid of the big number!
An analyst’s daily schedule: Monday, write article saying Apple stock will die: Tuesday, write article saying Apple stock will reach $5000: Wednesday, write article saying Apple will die etc. etc.
SELL YOUR AAPL TONIGHT as AAPL will fall like hell !
WTF? AT&T, Verizon and Sprint sold together last Q 9,3 million iPhones. So it shows that demand for iPhones has been really, really good even though everybody has been waiting for the iPhone 5 to come. That is fantastic result for Apple! Then you add the rest of the world and the result will be grazy big! Then you take all the iPads and everything else. This will be extremely strong quarter.
That’s just a ridiculous call. 200 million, although possible it’s hard. People are recruiting all and everything from Apple but not even then will they give it the proper valuation. Take Amazon which is a master in not making money. They less money they make and the more they spend the higher the valuation. Doing what amazon does must be the MOST CRAPPY BUSINESS. EVER to be in. Always hunting for that cent. Do something good for once and sell it at a premium margin…