“Apple’s summer/fall action is revealing itself,” Jason Schwarz writes for TheStreet. “The pre-earnings run has officially ended, which means we have a tight window of opportunity forming between July 23 and Oct. 23. Knowing when a run isn’t going to happen is just as important as knowing when a run is going to happen.”
“Because of the tentative action ahead of the July 23 earnings report, the Street is severely underestimating the potential impact of a new iPhone lineup,” Schwarz writes. “This sentiment is set to dramatically change in two weeks as the stock action will finally be free to begin its process of pricing in a fall bonanza. We caught a glimpse of this positive action during the recent run from $388 to $423. We expect to see much more as Apple emerges as the top play on Wall Street in the second half of 2013.”
Schwarz writes, “The new iPhone lineup represents the iPodification of Apple’s most important business segment. When multiple colors and sizes of the iPod were released in 2004, they produced triple-digit hypergrowth. A similar phenomenon could happen on a global scale in the aftermath of the fall launch.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]