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Apple rallies on analyst's upbeat comments

post #1 of 20
Thread Starter 
Shares of Apple Computer rose to a 4-month high on Thursday after one Wall Street analyst raised his estimates for the Mac maker, saying the company is likely to announce a major move into the digital home next week.

In a research note released earlier in the day, UBS Investment Research analyst Ben Reitzes increases to his Apple estimates through the 2007 fiscal calendar year due to "a stronger than expected showing" of the company's new Mac line.

He said recent checks indicate that sales of MacBooks, iMacs, Mac Pros and MacBook Pros are "strong with momentum continuing into September." He also said the new iMac Core 2 Duo models "should support estimates into calendar year-end."

Reitzes, who also raised his price target on shares of Apple to $92, expects the Cupertino, Calif.-based company to earn $2.70 a share in fiscal 2007, based on 25 percent yearly revenue growth to $23.9 billion. In fiscal 2008, he is modeling earnings of $3.10 per share, based on 15 percent revenue growth to $27.43 billion.

The analyst is predicting that next Tuesday Apple will unveil a major move into the digital home that will carry the potential to multiply its revenue streams. "With a potential foray into digital entertainment, we believe that Apple can expand revenues into incremental video/film downloads, digital storage and portable media devices," he wrote. "Also, we believe the evolving ecosystem can lead to higher sales of Macs given OS Xs unique ability to bridge the digital divide in the home in conjunction with iTunes."

In addition to potential new iPod nanos and movie services expected at next week's special Apple "Showtime" event, Reitzes said he remains excited about other potential products through 2007 such as portable media players a cell phone.

Shares of Apple rose $2.77 or nearly 4 percent to close at 72.80 on the NASDAQ stock market.
post #2 of 20
Downloading films at 480p ...

It appears now that to match Amazon "Unbox" (1.2 GB per hour of download),
Apple should be doing 852x480p using H.264. Seeing that most encodings at
the QuickTime HD Gallery for 480p use 2.7-2.8 Mbps, this is also 1.2-1.3GB per hour.
Both services will have to educate folks that this is not an "instant on" endeavor
using the typical 1.5 Mbps DSL/cable rates.
post #3 of 20
Holi wizzoli!

And to think I almost bought shares a month ago...
Progress is a comfortable disease
--e.e.c.
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Progress is a comfortable disease
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post #4 of 20
Quote:
Originally Posted by Bageljoey

Holi wizzoli!

And to think I almost bought shares a month ago...

You really missed out
post #5 of 20
I just checked. Apple's market cap is $62 billion. Dell's is $49 billion. But Dell has market share and Apple doesn't so that means Dell is successful and Apple is a failure. At least according to the Windows PC crowd that is.
post #6 of 20
Quote:
Originally Posted by bdj21ya

You really missed out

Ya think?

The only money I had was not really my money. I thought "well, if I buy it at 55$, surely it will go up before I need it..."

Just because it was obvious...well, thats a good way to lose the house!
Progress is a comfortable disease
--e.e.c.
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Progress is a comfortable disease
--e.e.c.
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post #7 of 20
FINALLY! AAPL is higher than when I bought it. Maybe I'll just ride the wave or sell next week before (if) it goes back down. Too bad I'm a noob when it comes to stocks but I'm happy to say I own some of AAPL.
post #8 of 20
sell...sell...sell...
"In a republic, voters may vote for the leaders they want, but they get the leaders they deserve."
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"In a republic, voters may vote for the leaders they want, but they get the leaders they deserve."
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post #9 of 20
Quote:
Originally Posted by hardeeharhar

sell...sell...sell...

Not til next week, at least. I think it should go up until Tuesday and then depending on what's released will continue upward for a week or so. THEN take some profits.
post #10 of 20
Quote:
Originally Posted by crees!

FINALLY! AAPL is higher than when I bought it. Maybe I'll just ride the wave or sell next week before (if) it goes back down. Too bad I'm a noob when it comes to stocks but I'm happy to say I own some of AAPL.

If you're buying and selling short term, you shouldn't own AAPL, in my opinion. Buy it and forget it (at least until it looks like Jobs' retirement is imminent)...

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #11 of 20
Quote:
Originally Posted by bdj21ya

You really missed out

No he didn't, when the iPhone goes to no.1 then sell
Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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post #12 of 20
I think the stock is going to go up a good amount over the medium term. But before we get there, there will be bumps and dips. But they will be moving upwards. If you can predict them, then you could make a lot of money, if not, they you will lose out, if you sell, because when it goes up again, you won't want to buy it anyway.

You just have to make your mind up, and then do it.

There isn't a danger that at $73, you will lose money in the medium term. Just don't get skittish, and hold it.

I lost a fair amount when it went from 86 to 50, but it's most of the way back now. In time, it will pass 86. It's true that I had bought it at a much lower price, but if I had sold it then, I could have bought 25% more shares later.

But, that's the way the stock bounces.

As long as you own a strong company, you are fine. The price will always rebound.
post #13 of 20
Quote:
Originally Posted by melgross

I lost a fair amount when it went from 86 to 50, but it's most of the way back now. In time, it will pass 86.

Call me Ishmael, but I had a feeling on that day that 50 would be the bottom, and I bought then.

Quote:
As long as you own a strong company, you are fine. The price will always rebound.

Tell me about it. I have nothing but grief from buying WebMD (now HLTH aka Healtheon), Amazon, and E-Digital which was my second worst stock buy ever.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #14 of 20
Quote:
Originally Posted by SpamSandwich

Call me Ishmael, but I had a feeling on that day that 50 would be the bottom, and I bought then.



Tell me about it. I have nothing but grief from buying WebMD (now HLTH aka Healtheon), Amazon, and E-Digital which was my second worst stock buy ever.

I was going to buy more as well, but I decided to stick with my current portfolio, which has gone up over the past year, as Apple went down.

It's a bit of this, and a bit of that, I'm afraid. It averaged out.
post #15 of 20
Quote:
Originally Posted by SpamSandwich

If you're buying and selling short term, you shouldn't own AAPL, in my opinion. Buy it and forget it (at least until it looks like Jobs' retirement is imminent)...


Agreed. Apple is without a doubt a long-term hold. Here's a look back for some perspective:

Sept 7, 2002 AAPL $7.00
Sept 7, 2003 AAPL $11.00
Sept 7, 2004 AAPL $18.00
Sept 7, 2005 AAPL $51.00
Sept 7, 2006 AAPL $72.00

(All prices split adjusted and rounded to the nearest dollar.)
post #16 of 20
Quote:
Originally Posted by solsun

Agreed. Apple is without a doubt a long-term hold. Here's a look back for some perspective:

Sept 7, 2002 AAPL $7.00
Sept 7, 2003 AAPL $11.00
Sept 7, 2004 AAPL $18.00
Sept 7, 2005 AAPL $51.00
Sept 7, 2006 AAPL $72.00

(All prices split adjusted and rounded to the nearest dollar.)

I think my uncle bought heaps of stock in '01/'02 sometime. A pretty nice return so far.
post #17 of 20
For goodness sake, don't sell before mid October.

Macbooks are selling like hot cakes.
All the other computers are doing exceptionally well except the mini which is just doing 'very' well ...

... and when the September quarter results come out (in mid October), AAPL are going to shoot up.
Charko
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Charko
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post #18 of 20
It should be held for longer than that. There are a lot of things unfolding here. It has to be waited out.
post #19 of 20
Quote:
Originally Posted by melgross

You just have to make your mind up, and then do it.


Oh, and have $$ in the first place...
Progress is a comfortable disease
--e.e.c.
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Progress is a comfortable disease
--e.e.c.
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post #20 of 20
Quote:
Originally Posted by Bageljoey

Oh, and have $$ in the first place...

Of course!
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