Posted: 3/13/2012 1:47 PM
bomb wrote: CANE4LIFE, what did you get stopped out at?AAPL @ $561
Posted: 3/13/2012 3:48 PM
Posted: 3/13/2012 6:18 PM
Posted: 3/13/2012 6:26 PM
Posted: 3/14/2012 9:11 AM
Posted: 3/14/2012 10:04 AM
Posted: 3/14/2012 1:29 PM
Posted: 3/14/2012 1:53 PM
bomb wrote: $593 and climbing!!!Can we get to $600... TODAY???
Posted: 3/14/2012 2:50 PM
SAN FRANCISCO (MarketWatch) -- Wall Street analysts are attempting to get ahead of a recent run-up on shares of Apple Inc. ahead of the launch of the company's latest product, as well as a possible dividend from the deep-pocketed tech giant.
At least nine brokers have raised their price targets on Apple (AAPL, Trade ) in the last week, ever since the company unveiled its new iPad last Wednesday. The device goes on sale in the U.S. and nine other countries on Friday. The three most recent target hikes call for the stock to hit or pass the $700 mark -- about 20% above its current level.
Apple's shares have been on a strong run, surging more than 38% since the company reported blowout earnings results in late January, and adding another 9% since last week's iPad event.
The stock was last up about 2.5% to $582.21 on Wednesday morning.
"Investors still underestimate the potential earnings upside at Apple," wrote Katy Huberty of Morgan Stanley in a note to clients on Wednesday.
Huberty, who pumped up her price target on the stock by 40% to $720, wrote that Apple shares trade about nine times her "base case" earnings scenario, and "discount just 2% growth longer term." She cites several potential drivers of strong results for the company, including the expectation of an LTE-based iPhone later this year.
Regarding the iPad, Huberty believes more businesses are looking at adopting the device for corporate use, which should boost Apple's already high lead in the tablet market.
"Fifty-six percent of US companies already purchase tablets for corporate use, compared to a 51% expected penetration a year ago," she wrote. "Assuming Apple maintains its 80% share of the enterprise tablet market, iPad purchases by enterprises could account for 9 million units and $5 billion in iPad revenue in [calendar year ] 2012."
Higher estimates for the iPad also led Mike Walkley of Canaccord to boost his target price on the stock to $710 from $665 on Wednesday.
In his note to clients, Walkley predicted that Apple would sell more than 65 million iPads this year -- up from his prior estimate of nearly 60 million. He says the new iPad "has raised the bar relative to competing tablets with impressive hardware specs, competitive pricing, and the leading software ecosystem" of more than 200,000 iPad-specific apps.
"At Mobile World Congress, our meetings with Android OEMs focused on smartphones as tablet OEMs indicated difficulty competing with the iPad 2, let alone the new iPad," Walkley wrote.
Current price targets on Apple range from a low of $270 to a high of $730, with the median target set at $600, according to data from Thomson Reuters.
At $600, Apple trades about 14 times estimated earnings for the next four quarters -- below its average multiple of 20.8 over the last five years, according to valuation data from FactSet Research. Apple's multiple drops to about 11.5 once the company's cash hoard of nearly $100 billion is backed out. The multiple is also slightly below the average for peer stocks in the S&P 500, according to FactSet.
Apple's large cash base is also continuing to raise speculation that the company will start paying a dividend soon.
In a note Tuesday, Bernstein analyst Toni Sacconaghi wrote that Apple "appears increasingly ready to return cash to shareholders," but added that the large amount of offshore cash reserves could be a constraint. He said one option for the company could be to tap the debt markets to help fund the move, which could be easily covered by its strong cash-generating businesses.
"Given prevailing low interest rates, we believe that the most attractive option for Apple would be to issue a significant amount of debt (likely $50 billion, though $100 billion is not incongruous)," Sacconaghi wrote.
Posted: 3/14/2012 5:40 PM
Posted: 3/15/2012 8:22 AM
Posted: 3/15/2012 2:52 PM
Posted: 3/16/2012 6:05 PM
Posted: 3/16/2012 6:06 PM
Posted: 3/18/2012 4:18 PM
CANE4LIFE wrote: BTW, Im over on the other site, and weve been discussing this and other stocks too, which is why I havent been by here.
Posted: 3/28/2012 8:38 AM
Posted: 3/29/2012 4:35 PM
dyno cane wrote: Hitting 620 today??????
Posted: 3/29/2012 7:42 PM
Posted: 3/29/2012 8:06 PM
obamacane wrote: It could always hit $500 before $600.. If the Mkt corrects..
Posted: 3/30/2012 3:00 PM