“Apple is having a tough time. Shares closed at $114.64 yesterday, basically where they started the year despite rising to $134 in April,” Julie Verhage reports for Bloomberg.
“Bank of America analysts Wamsi Mohan, Ruplu Bhattacharya, and Param Singh sent out a note downgrading shares to neutral and lowering their price target to $130 from $142,” Verhage reports. “The firm listed six key reasons it expects pressure on shares in the short term: 1) iPhone deceleration, 2) a slowdown in China marketshare gains 3) a deceleration in gross dollar profit growth, which is correlated to stock price, 4) A decline in the magnitude of earnings beats, 5) Only modest improvement to the iPhone coming, 6) low likelihood of more capital return plans.”
Read more in the full article here.
MacDailyNews Take: The scam to scare low information investors out of AAPL continues.
This too shall pass.
At the most basic level, it’s extremely simple: Pump, then dump. Foment, then buy. Rinse, lather, repeat as the SEC sleeps. — MacDailyNews Take, April 26, 2012
The facts: Apple sold 47.5 million iPhones in the third quarter, up 35 percent year-over-year. But analysts had expected around 49 million units. Analysts also expected growth of more than the mere 35% that Apple posted (in the June quarter, no less) and wanted guidance of more than $51.13 billion in the 90-some-odd-day quarter prior to holiday shopping season in which Apple’s all-time record for the September quarter, so far, stands at $42.1 billion, but Apple only gave guidance with a top end of $51 billion, not the $51.13 billion for which some analysts had hoped.
This is the basis for all of this “concern” over Apple.
SEE ALSO:
Apple: The market’s false correction – August 5, 2015
Merrill Lynch cuts Apple rating; Jefferies, Global Equities foresee impending ‘disaster’ – August 5, 2015
‘The Curse of the Dow’ bites Apple – August 4, 2015
Apple enters correction territory: More carnage to come? – August 4, 2015
Analysts: This is the catalyst to push Apple higher – August 4, 2015
Why Apple’s next-gen iPhone 6s/Plus will generate 20% growth – August 4, 2015
Why there won’t be an iPhone 6s/Plus bump – August 4, 2015
Apple stock implosion shreds $113.4 billion and counting – August 4, 2015
About all of those reports that Apple is in dire straits – August 4, 2015
Continued Apple swoon could crush this market – August 4, 2015
Apple replacing AT&T causes Dow Jones Industrial Average to suffer – August 4, 2015
Apple stock now officially in correction territory as it crosses below key technical level – August 3, 2015
Nasdaq retreats amid tech selloff after Apple’s record results – July 22, 2015
Apple earnings: Good is never good enough – July 22, 2015
Cowen downgrades Apple on record quarterly earnings results – July 22, 2015
For Apple, more success raises more questions – July 22, 2015
Sorry, haters: Tim Cook confirms Apple Watch sales are much better than you think – July 22, 2015
Here’s how many Apple Watch units Apple sold – July 22, 2015
Drudge screams: ‘APPLE FUTURE QUESTIONED’ – July 21, 2015
Apple poised for $50 billion valuation loss after posting ‘disappointing’ record earnings – July 21, 2015
Apple shares plunge after ‘disappointing’ record third quarter results – July 21, 2015
MacDailyNews presents live notes from Apple’s Q315 Conference Call – July 21, 2015
Apple pulverizes the Street with record third quarter results – July 21, 2015
“Bank of America” analysts: Three Indians from Bangalore.
Ironic.
Apple against the whole world or the whole world against Apple?. Even foreigners originally from India.
Are we living in the crazy world?.
The 3 STOOGES from India!
And yet B of A was saying buy at $130 awhile ago……..
yes…..AApPpPPple is doooooomed…….more idiocy…..buy the dips works with AAPL stock……
I am downgrading Bank of America to F. One, they didn’t do their homework. They see fit to copy from others, cheat lie and steal. Heck, I think they should be expelled.
Tipranks gives Wamsi Mohan a 47% success rate, and Ruplu Bhattacharya a 0% success rate.
Star performers… 😏
Apple is having a tough time
NO.
Bank of America analysts Wamsi Mohan, Ruplu Bhattacharya, and Param Singh sent out a note downgrading shares
Yeah, but I wrote off Bank of America before they decided to become crooks in 2007! This is one of the POS banks that was ‘too big to FAIL’ and hounded MY US government for a bailout, aka corporate welfare. To hell with Bank of America. Here they are again pointing out their inadequacy as a bank, lowering expectations from the greatest company on the planet who has had nothing in recent YEARS but continuous, reliable growth. Dunderheads much?
Oh I see. It’s all just a FUD game, isn’t it. Once again Blank of America screws over victims who are suckers enough to trust them. Biznizz bozozity from WallNut Street nuts.
I guess B of A can’t afford American analysts
I didn’t realize analysts were being outsourced.
Really?
…more work Americans just won’t do, that’s why we need illegal immigrants.
I’m pretty sure the general public that do not gamble with stocks, knows that this is all scam. Manipulation, legalized worldwide gambling. hehe
On $AAPL, do opposite what idiotic anal-syst said. When they upgrade, sell; when they downgrade, buy. Suppose now $AAPL is bearish because it crosses so called “moving average”, but if you bought at today’s opening, you’re good now.
this is a bygone opportunity
Correction: “This is a buying opportunity.”
It’s Apple against the world.
The stock market doesn’t reflect the value of a company. Stock prices are not indicators of performance.
By the time information trickles down to the readers of tho site, it’s already old news.
The stock market is manipulated. It has been since… they inception inf the stock market.
There is no such ting as a buying opportunity.
Quick worrying about the valuye of the stock and concentrate on the value of the products and the company’s ability to deliver them to you.
They can and will continue to manipulate short term movements. Day traders beware. It’s a rigged game. But they cannot defeat the underlying fundamentals over a long period.
This is a good time for A) Apple to buy back stock and B) Investors to buy Apple stock.
Actually, a majority of stock reports are now computer generated “journalism.” Feed in the numbers and out comes the story. This is also big in sports journalism.
Stupidity at its best. Downgrade a company that just had record quarterly profits for the last 10 years in a row. Yea what a terrible company, NOT!!!!! IDIOTS!!!!!
Time to sell my BoA stock and put the money into Apple.