“Apple shares are up 18 percent this year, with the latest good news coming in the form of Apple’s first-quarter earnings report,” Alex Rosenberg reports for CNBC.
“Meanwhile, Apple bears are hurting. And one market strategist says that it’s time for them to seek professional help,” Rosenberg reports. “‘We would encourage those professionals who love to hate AAPL to book themselves a series of therapy appointments,’ said Neil Azous, a market advisor with Rareview Macro. ‘This story for Apple just has a lot of legs to go higher. And it’s very difficult when you look at the combination of their guidance, their capital redeployment plans, and their margins, to be pretty negative on the stock, when you think about it in the medium-term.'”
“The therapy is required, says Azous, because skepticism about the stock runs so deep as to border on pathological,” Rosenberg reports. “‘When you look at what they’re geared to going forward, it has so many things that people disbelieve in, such as, it’s geared to China, emerging markets, new products that people don’t want to embrace. And when you’re in that big of a situation of denial, it requires a certain set of therapy’ sessions.”
Read more in the full article here.
MacDailyNews Take: Ahh, another guy who gets it!
Most of Wall Street, even the Apple bulls (and plenty of fools), do not yet have a firm grasp on the magnitude of what’s in store.
[Thanks to MacDailyNews Reader “Scott M.” for the heads up.]
Cantor Fitzgerald ups Apple price target to $195; says Apple Watch will be its best-selling new product ever – April 29, 2015
Analyst wonders whether iPhone sales growth has peaked – April 28, 2015