“Shares of computer and iPod maker Apple Computer Inc. jumped in afternoon trading on Monday after an analyst said the company may be positioned to deliver earnings upside in 2007,” The Associated Press reports. The analyst said his checks indicate “higher unit estimates” for MacBooks and iPods.
“Apple, which has traded between $42.02 and $86.40 over the last year, was up $2.31, or 3.5 percent, at $67.90 in afternoon trading on the Nasdaq,” AP reports.
“Banc of America analyst Keith Bachman upgraded the stock to a ‘Buy’ from ‘Neutral’ and lifted his price target to $79 from $68,” AP reports. “Looking forward, Bachman raised his 2007 earnings estimate to $2.66 per share from $2.42 per share, and said he expects the company to introduce an Apple phone in the June quarter of 2007, which he speculates may have a “modest” impact on his estimates. Analysts polled by Thomson Financial expect the company to report earnings of $2.59 per share in 2007.”
Full article here.
Related article:
BofA ups Apple Computer to ‘buy,’ expects ‘iPhone’ in 2007, shares rise in early trading – July 31, 2006
Hop on board, we’re heading to $100 by Dec.
MW=finally… getting some positive movement from AAPL this year.
Where is the guy who calls himself SELL SELL SELL?
I guess he’s too busy crying over the 25% gain he missed out on.
Market Value of
Apple $ 57,800,523,680
Dell $ 49,569,282,080
ROTFLMAO
Apple is a great short! SELL SELL SELL
Dell is a great short! SELL SELL SELL
Eat my shorts! SELL SELL SELL
I have a theory that’s as good as any concerning the recent AAPL pullback.
WWDC was originally scheduled for June of this year but was moved to August because of the Intel transition, meaning that the USUAL 5+ month interval between his Steveness speaking to the great washed and unwashed was postponed by two months.
Because of Apple’s obsession with secrecy concerning product announcements, the additional SILENT interim really made investors nervous . . . and they bailed, with most not knowing the precise reason for the lack of news.
I would almost bet an arm that had WWDC occurred on time and as scheduled, the stock would have stayed in the $60-70 bracket that it’s in right now.
It was that darned May-June abyss that caused the pullback, I just know it!