Tag Archive | "Apple Stock"
Credit Suisse increases Apple 2Q EPS, ups price target
Despite a flailing economy, Credit Suisse upped its projected 2Q EPS for Apple in addition to raising its price target for the stock up to $133. Credit Suisse now projects Apple to earn $1.09 a share on revenue of $7.76 billion. Previously, Credit Suisse projected EPS of $0.97 on revenue of $7.44 billion. For the […]
Continue reading...Jon Stewart dismantles Jim Cramer, brings Apple stock manipulation to the forefront
Thursday, March 19, 2009
I realize this is ancient news in Internet years, but I haven’t yet had a chance to touch on Jon Stewart’s complete destruction of Jim Cramer on last week’s The Daily Show. Stewart brilliantly took Cramer to task over the way that he, and his CNBC cohorts, have relayed financial information to viewers over the […]
Continue reading...The absurdity of Wall Street
Friday, March 6, 2009
Can Wall Street get any more ridiculous? Today, JP Morgan analyst Mark Moskowitz lowered his earnings estimates for Apple and also lowered his projection of iPhone and Mac shipments, citing turbulent economic conditions. This earnings adjustment sparked a huge sell-off in Apple shares, with the stock dropping over 5% to $83.74 a share. What makes […]
Continue reading...Bullish Apple analyst Gene Munster lowers earnings estimates and price target on Apple
Friday, January 23, 2009
Gene Munster, a bullish analyst on Apple from Piper Jaffray, lowered his 2010 EPS estimate for Apple down to $5.46, from a previous estimate of $7.73. He also lowered his admittedly astronomically high price target of $235 down to $180. While that’s a significant drop, keep in mind that $180 is still more than twice […]
Continue reading...Apple shares hit new 2 year low
Tuesday, January 20, 2009
Shares of Apple stock closed down today at $78.20, representing the stocks lowest trading price in just over two years. Last year at this time, Apple was trading at $192 a share before weaker than expected earnings forecasts brought the stock back down to earth in early 2008. Since hitting an all-time high of […]
Continue reading...Dan Lyons gets paid to write for Newsweek?! Pt. III
Sunday, January 11, 2009
Newsweek columnist Dan Lyons is up to his old tricks again with a new article about Apple that is more about tabloid-esque personal attacks against Steve Jobs than actual substantive reporting. I’m not a tech-industry insider, so I can’t shed any light on why Dan Lyons seems to have a personal vendetta against Steve Jobs, […]
Continue reading...Kevin Rose sells all of his Apple Stock citing health of Steve Jobs
Tuesday, December 30, 2008
Digg founder Kevin Rose announced on his twitter page that he just sold all of his shares in Apple stock due to rumors of Jobs failing health. Wow. This rumor about Steve Jobs health from Gizmodo sure is getting a lot of traction. It’s already been picked up by some more mainstream news outlets, and it […]
Continue reading...Analyst downgrades Apple Stock and withholds price target until he gets more information about Jobs’ health
Wednesday, December 17, 2008
CNN reports that an analyst at Oppenheimer & Co. not only downgraded Apple’s stock, but is withholding a price target for the stock until he finds out more information about the health of Steve Jobs. This sums up to a tee why Apple made the right move in leaving Macworld, and why Steve Jobs astutley […]
Continue reading...Why Steve Jobs isn’t speaking at Macworld
Wednesday, December 17, 2008
Though seemingly coming out of left field, Steve Jobs’ decision not to speak at the Macworld keynote this January makes a lot of sense for a number of reasons. First of all, Macworld expectations got out of control and put too much pressure on Apple to deliver amazing products at arbitrary times. Second, it’s the […]
Continue reading...BREAKING NEWS: Steve Jobs not speaking at MacWorld; Apple wont participate in MacWorld after 2009
Tuesday, December 16, 2008
in an announcement that’s taken every one by surprise, Apple has announced this is the last year that they’ll be participating in the Macworld Expo in San Francisco. And if that wasn’t news in and of itself, the company also announced that showman extraordinaire Steve Jobs would not be delivering the keynote speech this year. Instead, […]
Continue reading...Goldman Sachs downgrades Apple stock, cites lack of new product at Macworld
Monday, December 15, 2008
Apple shares tumbled downward today after an analyst at Goldman Sachs downgraded the company, citing weak consumer spending and the feeling that Apple wasn’t likely to introduce a new and sensational product at Macworld. Earnings estimates for Apple were cut to $4.75 a share, down from an initial estimate of $5.13 per share. Apple’s price […]
Continue reading...Apple Stock hits 52 week low
Friday, November 21, 2008
Apple’s stock today closed just about $80 a share, representing a 52 week low. This is actually the lowest the stock has been since Apple first announced the iPhone in early 2007. Ironically, Apple’s financials are better than they’ve ever been before, but that doesn’t mean its been able to shield itself from broader economic […]
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Thursday, April 9, 2009
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