Was just listening to Bloomberg radio in New York and JPM analyst said Apple is his top pick for rest of year and has put a $155 target on the stock. "I think it will rise into earnings and then significantly more heading into Christmas," the analyst said. "This will have a great impact on the Dow Jones rising significantly, too."
Martin, speaking on Bloomberg Radio in New York, just raised his six-month target price on AAPL to $165 from $134 a few minutes ago.
Martin said, "While the iWatch hasn't performed as well as Apple expected, the company's iPhone sales have gone through the roof and the money they have pulled in from the store's Guinness Bars is astronomical. It just cost me $750 to get my MacBook Air fixed. That's all clear money after they pay the guinnesses $15 bucks an hour."
Don't know much about Apple except I own some shares because my brother is high in the Apple ranks on West coast. I overheard him today talking on phone with his stock broker and purchased a couple of hundred shares to his growing amount. Not a whole great amount of money, but if he knew the company was going to announce tough quarter doubt he would have bought any shares. That's just my cents. Don't know for certain. Good luck all! I think we will see $135 into earnings announcement!