“No matter what Apple does, the critics still come out,” Bill Maurer writes for Seeking Alpha. “A great iPhone weekend was sullied by channel filling remarks, and Apple will have to prove in a few weeks that it sold a lot of iPhones if it wants to beat expectations. Even when bearish analysts upgrade the name, they still manage to poke some holes regarding Apple.”
“One thing is certain though,” Maurer writes. “Apple is off to a great start in fiscal 2014, and more new product launches are coming soon. Analysts are raising their estimates, and rightfully so. The buyback could even be expanded, depending on your time frame, and the valuation remains low for a premium company. The stalemate in Washington might continue to pressure shares, but once that headwind is eliminated, Apple shares should go back to $500 in short order.”
Maurer writes, “In just a couple of weeks, Apple will have its chance to prove the naysayers wrong again, and that truth shall set it free.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]