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Loss of Momentum: What's Eating Apple, Google, and RIM?

Posted Sep 10, 2008 11:20am EDT by Aaron Task in Investing, Electronics, Internet, Recession
Related: RIMM, AAPL, GOOG, MSFT, YHOO, NOK

Research In Motion shares were solid gainers Wednesday morning after the firm launched its first  Blackberry flip phone. But fellow tech titans Apple and Google were struggling to recover from their recent declines.

All three stocks, among other former high-flyers, have been suffering from a combination of multiple compression and hedge fund unwinding, as I discussed yesterday with Minyanville.com's Todd Harrison.

While there was nothing at Tuesday's "Let's Rock" event to compel shares higher in the short-term, Apple appears to be best positioned for long-term shareholders, says Henry Blodget.

With a trailing P/E of 29.7 and a price-to-sales ratio of 4.4, Apple can't be considered a value stock; but it is cheap relative to RIM on those metrics. Google's trailing P/E of 27.5 is slightly cheaper than Apple's, but Google is suffering from the ongoing realization that its phenomenal growth trend is flattening out and the search giant has caught the attention of regulators.

While that's rarely a good thing, I will note that many short-term players are eyeing $400 as a likely entry point for Google -- at least for a trade.

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26 Comments

italian stallion
italian stallion - Wednesday September 10, 2008 09:18PM EDT

I have bought and sold aapl for two years on and off and it still the best money maker in my portfo.

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TinaA
TinaA - Wednesday September 10, 2008 10:59PM EDT

The iPhone is the future. I've been an aapl user for years From the mac classic to the iPod and the iPhone. Go Steve go aaple. I love u guys and gals.

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EDWARD H
EDWARD H - Wednesday September 10, 2008 11:42PM EDT

I think goog will be bounce back another 10 percent from this price within month or two . I am buying goog for short term wait for 10 percent bounce and make profit out of it and then take decision for next move.

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Sugiarta
Sugiarta - Friday September 12, 2008 05:12AM EDT

Good time to accumulate AAPL as price will rally soon . Stay cool

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Yahoo! Finance User
Yahoo! Finance User - Friday September 12, 2008 10:06AM EDT

kooper115 -- you are absolutely right! Anyone who doesn't know who Henry Blodget is needs to do a little research. I wouldn't trust this clown with $1.

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Yahoo! Finance User
Yahoo! Finance User - Friday September 12, 2008 10:11AM EDT

kooper115 -- you are absolutely right! Anyone who doesn't know who Henry Blodget is needs to do a little research. I wouldn't trust this clown with $1.

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