If you are long right now you are a fool. Will drop over $50 day after earnings. Should drop at least $20 leading up to earnings. Even a buyback or dividend will not help it. Although they probably won't do those anyway. Long term they hurt the stock. They will likely continue investing in products hoping some day maybe they create another ipad or iphone quality new product. I really doubt it though. They are really hurting long term. Revenues are horrid!
Sentiment: Strong Sell
AAPL is already priced for the worst report this Qtr. So how do you invest?
That is the million dollar question.
Do you go long, go short or hang on if you already own AAPL?
Myself, I'm still long and in the dumps on paper.
Once an AAPL owner, it's hard to go anywhere else.
They have the best most reliable products available.
I don't see stock gaining any ground before earnings. Who is going to buy with all the negative news still coming out? Cook was really disappointing on last cc. There was no enthusiasm at all. You could watch stock tankage accelerate in AH as Cook was speaking. Was scary.
Revenues are horrid? Give me a break. Revenues are higher than almost every other company on earth.
And Apple earnings and revenue will both beat expectations.
Sentiment: Strong Buy
What is your best guess for Earnings per share? Currently I believe the Earnings Estimates are 10.13 a share. Recently Apple has announced 14% growth of Mac sales and 75% of all smart phone purchases in the past 2 months were iPhones.