“Apple (AAPL) was co-founded by the late visionary Steven Paul Jobs and has completely transformed every industry it operates in. The focus on innovation has made Apple one of the largest and best performing companies in the world,” Paul Zimbardo writes for SeekingAlpha. “I have recommended option strategies on Apple since 2010 with tremendous results.”
“As we enter the post-Jobs era, it is even more important to keep a close eye on your investment and execute care with your trades: Since Jobs has passed the company’s performance will be under a magnifying glass,” Zimbardo writes. “Did Santa put an Apple product under your Christmas tree? Was Santa even nicer and bought you some Apple stock? If yes, you are primed to enjoy what most analysts expect to be another record setting year for the company. All signs still point to an updated iPad in the first quarter of 2012 and a revolutionary iPhone 5 in the summer/fall. These catalysts alone should drive Apple to new heights but the perpetual talk of iTV and a potential redesign of the MacBook Pros will be gravy.”
Zimbardo writes, “Last year I correctly predicted that Apple would return to $400 by the end of 2011… so it is time for a new price target. As I have been writing for years, I am very bullish on Apple and I am going to fearlessly predict that Apple will hit $450 by the launch of the iPhone 5.”
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