“TheStreet.com has always believed that offering a wide variety of opinions and viewpoints — rather than a monolithic ‘house view’ — helps readers make better-informed investment decisions. In that spirit, we bring you ‘360 Degrees.’ Today’s subject, Apple Computer (AAPL), was chosen by the readers; please see our poll at the end of this column to help determine the next stock to get the ‘360 Degrees’ treatment,” TheStreet.com reports.
Cody Willard writes about the iPod Halo Effect, ” iPod is definitely not going to match its ‘growth’ from last year, but Apple’s not going to be sitting still (and it’ll still sell tens of millions of iPods this year). The halo effect will be in overdrive throughout 2006 and into 2007. And I’m going to keep holding the stock for the foreseeable future.”
Steve Birenberg writes, “Apple is one of the only really big-cap stocks that offers the prospect for sustained 20%-plus earnings growth over a multiyear period, which is sustained on top of the huge earnings gains being driven recently by the success of the iPod… Apple hasn’t introduced a cell phone yet, but many investors and analysts think that the company is going there next. According to Strategic Analytics, in 2005 global handset sales grew 19% to 810 million units. Handsets outsold MP3 players like the iPod by more than 15-to-1 last year.”
“I would sell Apple as it bounces into the Jan. 19 gap at $82, in anticipation of a breakdown below this week’s low at $70.87,” Alan Farley writes. “Apple Computer rallied strongly from $70 to $86 in December, the latest leg of its long-term uptrend. Following its Jan. 18 earnings release, it retraced 100% of that rally, before finally bouncing earlier this week. This decline completed a “first failure” early warning signal that predicts the uptrend has finally ended.”
Full article here.
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