It was a wild trading week for Apple computer following its earnings report on Monday afternoon. The stock went crashing down from new highs before rebounding with a strong day on Friday - up 3 percent on the session. What to make of this volatile week for the most owned stock in the world?
Apple current sits near 129 - not in 'immediate' buy territory. After the latest earnings release - with the company now boasting 194 BILLION on the balance sheet, raising the dividend, and increasing the shareholder return program to 200 Billion - I've upped the level of buy targets, lifting the entry number to 125. Investors did get a shot at that number after the recent high of 134 - did you get some Apple? I hope you did.
This coming week could be another wild one. Watch for weakness for possible entry into the stock. 125 is your target.
Short term rating = BUY
Long term rating = BUY
Apple current sits near 129 - not in 'immediate' buy territory. After the latest earnings release - with the company now boasting 194 BILLION on the balance sheet, raising the dividend, and increasing the shareholder return program to 200 Billion - I've upped the level of buy targets, lifting the entry number to 125. Investors did get a shot at that number after the recent high of 134 - did you get some Apple? I hope you did.
This coming week could be another wild one. Watch for weakness for possible entry into the stock. 125 is your target.
Short term rating = BUY
Long term rating = BUY