I agree with Dennis Leary today on the halftime show he said $83 to $93. When a stock like AAPL loses it's touch, innovation and growth potential the growth managers slowly leave over time. Also I truly believe in a sell in May this year.
These guys are only worried about themselves and these networks give them a platform to push their agendas.
You had a larger build across the board (oil, gas and Cushing) yesterday but because of what the Fed said and Japan did not do you have an even weaker dollar so we kind of have an artificial move higher in oil instead of fundamental based. Either way it appears the Fed is only interested in higher prices everywhere....Party on with Yellen everybody!
Yellen is sitting back and watching oil go to $50 justified or not. Each time the market cries the Fed caves. The consumer was not spending when gas was under $2 now it will be at $3 soon then her and economists will sit around and scratch their heads and wonder why GDP is .05 and durable goods are in the toilet. On the other side of that is if SDRL gets to $5+ funds can buy and you may see an acceleration from there.
It's been awhile since MU had a $12 in front of it. Maybe the Chinese are sniffing around again they are buying every hotel they can find.
Either way these past few days have surprised me I figured $10 to $11 range obviously once it got comfortably above $11 momentum guys had $12 in sight and this market is all about squeezing shorts and less about fundamentals especially with oil. The Fed is running things by wrecking the dollar but May is coming and I fear May this year.
The stock has moved a lot on outside purchases of shares and notes so based on the P/Es here they do need a pretty good quarter to get shares substantially higher. In this type of economy you would think they would do well but there is more competition out there these days. My guess they will do OK and and shares trade around these levels but the futures are a small battle for now looking at a lower open. Yesterday's close was strange shares rallied about a dime to close flat in the last few minutes. We'll see later.
Earnings were not that bad the guidance is this stock always gets hit big on bad news it seems. This is such a tough business so many other stores sell similar products possibly cheaper too.
This stock is one a few that does deliver and I give Him credit for his charity and humanitarian work. For now it is working at some point the law of large numbers and tougher comps will hit but for now this is one of the best growth stocks around.
Try what....I trade AA it's a nice trading stock but if you believe things are good here and overseas then keep believing Cramer and the other talking heads. You can bet that Cramer had already tipped off his hedge fund brothers in advance about the AA chart stuff the other night and that was the reason for that abnormal move in shares yesterday. If we get a correction which is probably right around the corner then these guys will bail so fast. They will keep this afloat to protect their profits but we had better pay attention to the reasons I listed because this market will use them and May to start selling. Cramer is talking out of both sides of his mouth near another market top so join him and buy everything.