“The day before Apple reported earnings,an analyst came out with a bold statement and recommended investors sell Apple before going into earnings on July 26. He also cut his price target from $110 per share down to $85 per share with a Sell rating slapped on for good measure. He said, ‘Apple has peaked under the leadership of CEO Tim Cook,'” Jay Somaney writes for Forbes. “I am not a fan of Tim Cook’s leadership skills either however that research report seemed unduly harsh as far as the rating and price target.”
“The next day, Apple reported earnings and investors realized that things were not as bad as the sellsiders were expecting and the guidance was even slightly higher which is very atypical of Apple’s usual subdued forecasts,” Somaney writes. “Apple shares are up almost 11.5% in the two weeks or so since that report and have not looked back. So, the question for investors is whether the worst is behind us and is Apple stock ready to continue climbing higher into the launch of the iPhone7 in early September?”
Apple Analysts are “now sheepishly trying to put out optimistic reports on Apple post its June quarter results and combined with the success of Tim Cook’s trip to India and China, things for Apple and its investors have finally started looking up, no?” Somaney writes. “Finally, maybe, just maybe, peak Apple was just a pipe dream for the dark side (shorts)?”
Read more in the full article here.
MacDailyNews Take: Once again:
AAPL is like a buoy. Quick, it’s back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under… lower, lower… Good! Now, quick, everybody jump on, and we’ll take a ride back up to the top again! — MacDailyNews Take, January 9, 2012
At the most basic level, it’s extremely simple: Pump, then dump. Foment, then buy. Rinse, lather, repeat as the SEC sleeps.
Wake up, SEC. Wake up.
Don’t you every get tired of hearing yourself excrete out your mouth oh ye of many MANY troll disguises? You’ve made your doofus points ad nauseum to a completely unappreciative audience who looks down at you only sadly being only vapid and psycho. Your posts have zero worth, especially when you consider the pathetic source. This list of yours on Tim Cook looks approvingly positive compared to the list on your own traits. Now get lost junior!
Everything you just said is you screaming at yourself and I understand the pain it must be to be miserable you. Inarticulate moron indeed. Sorry, I don’t know how to write except at college level, not the kindergarten level you’re accustomed to in Trollville. I guess you just haven’t noticed it’s an adult site and got lost somewhere on your way to 1st grade. Who do you think you’re kidding jackass?
Tim Cook is working very hard to make the company sustainable after growing at such a rapid pace over the past several years. Sorry but when you are growing that fast it is far more difficult to “innovate”. Steve Jobs’ Apple was hailed as “innovative” because they were able to change directions on a dime. They were a fraction of the size they are now with a user base an order of magnitude smaller. More effort has to be put into getting the product into the customers hands than ever before. They’re not making millions of products, they’re producing hundreds of millions of them.
Furthermore, Tim Cook is passionate and speaks about EVERYONE’s rights regarding, privacy, security, equality, safety, etc. It’s your feeble homophobic mind that you ONLY see the “gay” issue. He’s also extremely passionate about education, the environment, AND customer satisfaction (he mentions this all the time).
Me thinks thou dost protest too much… Come out of the closet, it’s ok.
The ones who stand on their soapbox railing against the gays are usually the gayest of all.
You’ll be surprised how accepting your parents will be of your gay lovers visiting you in their basement.
Headline “have-apple-and-tim-cook-got-their-mojo-back” ….. As far as I’m concerned they never lost it.
It’s always the same story. The analysts get it hopelessly wrong, but somehow it’s Apple’s fault.
The analysts were saying that Tin Cook and Apple had lost their mojo and therefore the company performance was expected to decline. When the results were announced and demonstrated that Apple had been doing quite nicely after all, the analysts try to claim that it’s down to Apple suddenly getting it’s mojo back.
It may have escaped the attention of the analysts ( and let’s be fair, much does escape their attention ), but if the results for the last three months were OK, then that mojo must have ‘returned’ more than three months ago without the analysts even noticing, or to put it another way, the mojo was there all along, but completely unseen by those whose job it is to spot such things.
He said, “Apple has peaked under the leadership of CEO Tim Cook.”
Well, he nailed that part. iPhone sales were down, iPad sales were down, Mac sales were down.
With all of this bad news, who could have predicted that the price of Apple stock would go up? What the analyst failed to do was predict how well Apple could spin all the bad news.
With Tim Cook at the helm, it is going to get harder and harder to spin.
Only for the repetitious idjit trolls like you.
Cook is lost without Jobs as Captain.
Jobs was passionate about making great products. Cook is passionate about social and gay issues and ignores Apple.
So yeah, Apple is lost.
Well until they’re miraculously “found” again with new products, updates and soaring sales, eh?