“The analysts — both professional and amateur — are expecting another breakout quarter [for Apple Inc.],” Philip Elmer-DeWitt reports for Fortune.
“An amateur, Traderhood’s Nicolae Mihalache, has the most bullish estimates, calling for earnings of $7.28 on revenues of $28.67 billion, up 107% and 83%, respectively,” P.E.D. reports. “But for once the pros aren’t far behind, led by J.P. Morgan’s Mark Moskowitz [at $27.42 billion].”
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P.E.D. reports, “And even the most bearish estimates, from Morgan Stanley’s Katy Huberty [ay $23.60 billion], would represent earnings and revenue growth of more than 50% apiece.”
Full article, with a chart containing over 40 analysts’ AAPL estimates, here.
If google can be up 67 on less than half the revenue of Apple, look out Tuesday after hours!
It doesn’t matter. Rationality is not the domain of the stock market.
Not to be Debbie Downer, but great performance does not mean a huge spike in share price. If the market hits a downdraft, many who buy stocks on margin dump good stocks to raise cash in a CYA maneuver. It could happen to Apple- it has before.
So don’t just watch the Apple news- watch the unfolding soap opera unfolding inside the beltway. The closer August comes without a deal the more jittery the markets will get. In Europe aside from the PIGS, a laundry list of large banks failed the ECB stress test.
The upside of all this is that should Apple stock take a beating it will make for a buying opportunity for those in position to pounce.
Another breakout quarter?
How many of those can you have in a row before the word “breakout” loses its meaning?
I agree. They should start saying “another kickass quarter” or “another quarter of John Holmes-sized profits” just to mix it up.
John Holmes, The Great White Hope.
Or use a pirate reference….another quarter of Long Dong Silver-sized profits….
+2… If you’ve already “broken out” last quarter, what exactly are you “breaking out” of or from this quarter?
Yes… Breakout because it breaks investors positions and many get out of the stock…. Breakout.
Is John Holmes still considered the measuring rod?
Not sure, but everybody knows John Holmes, the uncircumcised legend.
Yet another ‘Unrivaled Quarter of Total Domination’ by Apple
I’m sure Apple will be posting outstanding results. The effect on the stock price is far less predictable.
Apple is $5 away from its 52 week highs. It’s anyone’s guess whether it will take off or tank again. Of course I hope it will take off and hit a new baseline at lest of $380.
I said it is anyone’s guess but of course we know that the brokers have already have a plan in place. They know what direction it will go in.