Here is what is being said about apple AFTER the stock has declined from 700 to 448. Notice that when it was 700 the same people were saying 1000.
From CNBC:
Apple's drop wiped out roughly $50 billion in its market capitalization to $432 billion, leaving the company vulnerable to losing its status as the most valuable U.S. company to second place Exxon Mobile at $417 billion. It's also lost some of its influence in the Nasdaq , CNBC's Seema Moody reports. At its high of $705 a share, Apple had accounted for about 20 percent of the Nasdaq 100, Moody said. Today, however, it accounts for just 13 percent of the Nasdaq.
Apple's disappointing results drew a round of price-target cuts from brokerages. At least 14 brokerages, including Barclays and D bank cut their price target on the stock by $142 on average.Morgan removed the stock from its "best ideas" list.
And this one:
From CNBC:
Apple's drop wiped out roughly $50 billion in its market capitalization to $432 billion, leaving the company vulnerable to losing its status as the most valuable U.S. company to second place Exxon Mobile at $417 billion. It's also lost some of its influence in the Nasdaq , CNBC's Seema Moody reports. At its high of $705 a share, Apple had accounted for about 20 percent of the Nasdaq 100, Moody said. Today, however, it accounts for just 13 percent of the Nasdaq.
Apple's disappointing results drew a round of price-target cuts from brokerages. At least 14 brokerages, including Barclays and D bank cut their price target on the stock by $142 on average.Morgan removed the stock from its "best ideas" list.
And this one:
Apple stock could be
headed to a level of $425 per share this quarter, DoubleLine CEO Jeff Gundlach
said after the company reported disappointing earnings
Wednesday.
"I think this is really a broken company that is over-owned," he said
For the fiscal first quarter, it posted net income of $13.07 billion, or $13.81 a diluted share, compared to $13.06 billion, or $13.87 a share, a year earlier. This is the first time in years that Apple didn't post a double-digit earnings increase.
Gundlach also said that Apple stock remained "very, very much in the public's psyche," which would keep share prices artificially high.
He also took a shot at Apple's huge cash balance on hand.
"That doesn't exactly call for a huge multiple," he added.
The banks want this stock now after selling it at 700. The reason for the decline is out there and the bid was pulled along time ago. Let's check on the price a year from now and see what they are saying. It closed at 448 today I'll take my chances at this price. By the way it goes ex dividend on 2-7 at 2.65 a share. The yield is 2.35% and that is only a payout of 11.35%. They have cash on hand of
Mikey
For the fiscal first quarter, it posted net income of $13.07 billion, or $13.81 a diluted share, compared to $13.06 billion, or $13.87 a share, a year earlier. This is the first time in years that Apple didn't post a double-digit earnings increase.
Gundlach also said that Apple stock remained "very, very much in the public's psyche," which would keep share prices artificially high.
He also took a shot at Apple's huge cash balance on hand.
"That doesn't exactly call for a huge multiple," he added.
The banks want this stock now after selling it at 700. The reason for the decline is out there and the bid was pulled along time ago. Let's check on the price a year from now and see what they are saying. It closed at 448 today I'll take my chances at this price. By the way it goes ex dividend on 2-7 at 2.65 a share. The yield is 2.35% and that is only a payout of 11.35%. They have cash on hand of
Mikey
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