NASDAQ:AAPL

Apple Inc (AAPL)

333.69
+3.37 (1.02%)
as of Oct 2, 2026, 8:00:00 pm Market Open.
2021 watching
0
BUY
You have to be careful not to get caught up by big numbers. But there is some euphoria and some momentum trading out there. There are good fundamentals. He is an excited owner of Apple. The dividend will open up the opportunity to all kinds of funds to buy it.
PAST TOP PICK
(Top Pick Dec 8/11, Up 28.65%) Would be a buyer at current prices. Likes it a lot.
HOLD
Had spectacular earnings. This is the 800 pound gorilla in the market.
BUY
Gone up a lot but a little tough to step into at this point. Speculation that they may come out with dividend or share buy back, which would be pretty positive. Question is if they can maintain their dominant presence in the hand-held market.
TOP PICK
Blockbuster earnings. Appreciated after earnings but not to the extent that the earnings were a surprise. Their domination is not being threatened and they have lots of room for growth.
BUY
Trading at 11X earnings. $97 billion in cash. Long-term growth rate is still in the very high teens.
DON'T BUY
Remarkable story. Attributes the boost in sales to Steve Jobs death. He thinks there was a collective moment worldwide where everyone said that they had to go buy an Apple. It was such a huge global story. He won’t chance it here unless it pulls back.
WEAK BUY
Thinks it needs to pause at these levels. Stock might be a little a head of itself. But you pay for perfection.
BUY
Recently touched an all time high. You want to own it. Don’t get too cute about where you buy it. Inexpensive valuation in that earnings have grown so quickly that it just keeps getting more attractive. No debt and $100 a share in cash by the end of 2012. Probably his favourite pick of all. iTV will take this stock to might higher levels and without it it still has a long way to run.
WAIT
This one is in line with his model price of $385.50. Even looking out a year, his model price is $425. If you are a trader and if the market got hit with any sort of correction $345 would be an absolute bargain.
TOP PICK
(A Top Pick Oct 1/10. Up 40.01%) Bullish Put Spread. On the premise that the stock could be above $420 by the end of 2012, he will Sell a January/13 Put at $420 but Buy a January/13 Put at $380 in order to hedge the downside. They are talking about doing a dividend next year, which would do wonders for the stock price. The risk would be $40 and the gain $20. He suspects it will be above $420 and both options will expire worthless.
TOP PICK
Growing at about 30%-35% and trading at about 10X earnings. Expect they will have $35 as share in earnings in 2012.
TOP PICK
IPhone is biggest part of business. It’s cheap – 7 x earnings. 14% earnings yield. $100 a share of cash. War chest. $42 a share of free cash flow. Refresh in iPad and iPhone.
TOP PICK
Stock is sitting right on the moving average. Doesn't think you will be able to get it at this price again. They're now accepting the Chinese Yuan for purchase in the China stores.
BUY
He is continuing to buy this one for new clients. It has hit the hit the 200 day moving average, which is when you might want to get into it. Trading around 10-11 times forward earnings, which is cheaper on a valuation basis than it was 12 and 24 months ago.
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