al gore called and said i was breaking his internet with my postings. but he sent me an email this morning saying he has fixed the problem headlined " keep calm and carry on".
Apple (AAPL) May Kick $60B Buyback Into High Gear on Recent Dip
May 15, 2013 2:44 PM EDT Send to a Friend
After recovering from recent 52-week low levels of around $385, shares of Apple (NASDAQ: AAPL) are back in consolidation phase this week and today in particular. Shares are down 4 percent to $425.86 mid-day and down nearly 6 percent on the week.
Traders are citing various factors for the selling pressure, including: the breech of various technical levels; Q1 selling by well-known hedge funds including: Julian Robertson's Tiger Management, David Tepper's Appaloosa and John Griffin's Blue Ridge Capital; and a takeover of market leadership status by Google (NASDAQ: GOOG) given its recent momentum.
Given the recent dip in the stock, it should be a no-brainier that Apple's Treasury department kicks the company's recently announced $60 billion stock buyback plan - the largest in corporate history - into high gear.
While it is not currently known if Apple has engaged the buyback plan yet, with its earnings in April Apple's CFO said the company will start buying back shares in earnest soon. At that time the company had $58 billion remaining on its $60 billion authorization. The company plans to buyback shares through the use of accelerated repurchase agreements and buying in the open market.
The recent 6 percent pullback in the stock could present a good opportunity to put some of Apple's shareholder wealth to work.
Shares of Apple are down $18, or 4 percent, intra-day to $425.86.
The recent 6 percent pullback in the stock
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Goldman Sachs Describes Cisco (CSCO) Q3 as 'Breakout Performance'
May 16, 2013 9:19 AM EDT Send to a Friend
Goldman Sachs today maintained a Conviction Buy on Cisco (NASDAQ: CSCO) and raised its price target to $28.00 (from $25.00). Analyst Simona Jankowski called Cisco's Q3 a "breakout performance" vs peers and noted that its year-over-year growth was higher by 5.4% compared to the median decline of 3% for other large-cap IT firms.
"Cisco's solid quarter and guidance represent truly breakout performance in a quarter when the vast majority of its competitors, both in CommTech (e.g. ARUN, BRCD, FFIV, JNPR, RVBD) and the broader IT space (e.g. IBM, ORCL) had significant misses and/or guide-downs," said Jankowski.
In his view, Cisco's strong performance is largely due to share gains in servers, routing, WiFi, and video infrastructure.
"We think its significant P/E discount (9.9X vs. the S&P at 14.2X) will continue to narrow as the market's understanding of Cisco’s opportunity around software-defined networking (SDN) and cloud computing more broadly improves. In addition, we expect Cisco’s fundamentals to accelerate into 2H on continued share gains and high correlation to improving GDP growth," concluded the analyst.
but i already own it in my mutual fund the "qqq". i think this is something you may have missed. anywho, do you even know what it is you are trading pud?
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marissa's not-see bots wont let me post the "naked short selling list" BLOWOUT! jus sayin.
i am not a "voodoo" chart technician but looks like a "generational breakout buy" on volume momo target $70.
write a dec $145 put and buy an otm dec $175 call. house money. hope this helps.
˙ʍou lles ʇou plnoɥs noʎ
so are you short cro-magnon or neanderthal man, pud? again "human capital" says we print 30,000 dow. hope this helps.
+ 150 million volume print "done deal" now. jolly jolly hokey stick.
"We think its significant P/E discount (9.9X vs. the S&P at 14.2X) will continue to narrow"
BLOWOUT! jus sayin
"We think its significant P/E discount (9.9X vs. the S&P at 14.2X) will continue to narrow as the market's understanding of Cisco’s opportunity around software-defined networking (SDN) and cloud computing more broadly improves. In addition, we expect Cisco’s fundamentals to accelerate into 2H on continued share gains and high correlation to improving GDP growth," concluded the analyst."