Strong correlation between markets performance and stocks like Apple is well known.
Apple disappointed investors, reporting $9.32 in earnings for the quarter ending June 30, 2012, and shares were down sharply yesterday.
But in last days money inflow to AAPL was noted by
* I Know First system
IMO now is time to buy AAPL on dips.
Apple Now 32% Below Price Target.
The gaping hole between Apple's price and its average price target is now the biggest of any stock in the S&P 100, and it's not even close.
China has been a vibrant money machine for Apple.
Apple CEO Tim Cook met with China Mobile Chairman Xi Guohua ( January 10), when they discussed “matters of cooperation” and signed a confidentiality agreement. The talks have increased hopes of a breakthrough between the companies that would allow China’s largest operator to offer iPhones. Tim Cook said he is confident the country will soon become Apple’s largest market, with the company planning to increase the number of stores there to over 25 from 11.
AAPL is ridiculously cheap.
Economy is recovering:
Both AAPL and SPY "Spider" have large market capitalization and are in strong correlation.
Apple will speed up its product upgrade cycle in 2013, giving the company's beaten down stock a big boost, market experts told CNBC.
"We're on the cusp of an enormous product upgrade cycle and we think Apple's earnings are going to be dynamite in the fourth quarter," said Channing Smith,
My Buy for 2013 is AAPL:
If you only looked at Apple's fundamentals without knowing the name of the company,
I posit most would make the call it is a value stock.
The company trades for 12 times free cash flow, has a forward P/E of 9.44,
a PEG ratio of .63,pays a dividend, has over $100 billion in cash and plans to buy back shares.
Sounds like a value play to me, and a good one at that.
AAPL@533 is a Holiday gift.
It is also in a good agreement with:
* Morgan Stanley*
** I Know First algorithmic system**
stance on AAPL.
Good Luck to all of US!