“Apple dipped slightly Thursday after Amazon released its streaming music service called Prime Music,” Andrew Meola writes for TheStreet. “The service is free for Amazon Prime customers, who already pay $99 a year. Amazon promises more than one million songs from approximately 90,000 albums and hundreds of pre-made playlists. Prime Music is now one more option for some streaming music users in a space that already includes Apple’s iTunes Radio, Spotify and Pandora.”
“Separately, TheStreet Ratings team rates Apple Inc. as a ‘buy’ with a ratings score of B+,” Meola writes. “TheStreet Ratings Team has this to say about their recommendation: ‘We rate Apple Inc. (AAPL) a ‘buy.’ This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.'”
Read more in the full article here.
No weakness. Wonderful fundamentals. Except for Mr. Market Analysts. After a treacherous summer, I expect to buy back in at a good price in September.
Oh you are?
Paul, the train has left the station!
I’m often surprised by the lack of quality in the articles that are “re-printed” by MDN. A quick check of the market finds that Amazon is down further than Apple right now. Does this fact support this theory of why Apple’s stock price is down today? I don’t think so.
Not every fluctuation has meaning.
MDN will post relevant content, even if some of the details are inaccurate. They are driven by ad revenue, which is influenced by traffic, which is influenced by how many websites they are linking out to, and how many sites are linking back to them. Sometimes quality comes after the drive for revenue. That’s all.
The DJIA and the NASDAQ were both down massively today, signaling a general market decline. I suppose it couldn’t have anything to do with the impending fall of Iraq, the concomitant increased price of oil, and an unexpected (really?) jump in unemployment?
The “really?” comment above is based on the fact that the analysts always miss the fact that the end of the school year affects unemployment. They miss it EVERY year.
I’m not suppressed. They’re funny, and MDN knows it. 🙂
Bah, I really doubt that apple’s down because of Amazon, think that it’s more international tension that brings the whole market down including Apple.
Yeah, I’d say it’s mostly just profit-taking with some clueless folks selling because of the Amazon thing.
Amazon down 8 bucks, so how does that make any sense?
Because the true value based on earnings is under a $100. Sales growth is meaningless if you don’t generate earnings. The impact of these book negotiation issues is unknown. Music streaming is an oh me too. Catalog is weak.
Exactly. I keep hoping the Amazon bubble is slowly deflating instead of some future *POP* where everyone gets screwed over.
Still of concern: The Google, Facebook, Twitter… bubbles. Investors be wary of the ‘Gee Whiz’ Factor.
Google, Facebook, and Twitter are all, as they say in Las Vegas, betting on the come. “They’ll all make a ton of money SOMEDAY. Just look at their market shares.”, goes the fairy tale. I remember when the NASDAQ was around 5000 based on that kind of thinking. Where are those companies now?
Anybody remember the name of that online grocery company with the sock puppet mascot? Millions of customers, zero profits. I can’t even remember the name.
Amazon is going to drop further as they keep pissing off their customers and driving them to competitors by not carrying certain books and movies from companies that they don’t like.
Me, I’m going to Target to get what I need.
MDN is starting to post a lot of nonsense garbage. Not sure what they are thinking sometimes. Some of their articles, for those who are not so enlightened, may make some think wrong about Apple or it’s stock. MDN please think before you post some of the garbage you post.
At present you have 13 positive votes, so I’ll cast a dissenting opinion. The value to me of MDN is as an all-things Apple news aggregator which means I neither need to go look for articles nor read through duplicates. Additionally, because they offer up the good, the bad and the ugly, I will most likely have read the story or opinion that a family member, a colleague or a client will bring up tomorrow, and I’m able to say, “Yeah, I read that too… and it’s factually incorrect in the following ways…”
Nice, jt016. You’re not just an integral power of 2, but someone who can read my mind! Yes, what you describe, that is the value of MDN. I really like the spaghetti western reference.
Why? Because stocks (even AAPL) do not go up every day. After a significant run up, some investors decide to sell and make paper (unrealized) gains into “real” (realized) profits. Nothing wrong with that…
U want to know why apple is where it is today 92$ ish
Look at weekly options max pain !
P.s. I really dont like jeff Bozo anymore !
The whole market is in negative accrosed the board not only AAPL, AMZN, GOOG nor PCLN. They are all in RED-RED-RED nothing but RED.
You guys should stop watching that stock w/ a magnifying glass or maybe it’s with an electron microscope. That is just plain stupid. Trends matter. Not daily dips.
My casual RE-analysis of their analysis:
The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures,
There should be another term for this. From the overall POV, Apple has NO debt, thanks to its massive assets. I want to call it ‘artificial debt’ or ‘dividend debt’ or something more specific to the situation, that being the overcoming of #MyStupidGovernment’s insistence upon double taxing at a high rate all foreign made profits, aka stabbing themselves in the head, a common DC ritual.
notable return on equity, expanding profit margins and good cash flow from operations.
All of which avoids talking about what Apple actually does: Develop, design, sell and support computer related products. You’d never know from this purely financial report. IOW: You get the idea that the people doing the analysis are technology illiterate, and that’s NOT helpful if you’re expecting an actually useful and thorough analysis.
But TechTardiness is rampant, and certain ‘analysts’ as well as their bosses don’t care if they’re among the TechTards. Again, NOT helpful. It’s like lecturing about coffee with no reference to the coffee bean, or some such simile, casually speaking.