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
HOLD
Has been a little weaker recently. Surprised him. Some consolidation at the 250 level and then the break out. He would look for it to hang around in this area. Apple does well at this time – kids gifts, etc. Peak in January because of the consumer electronics show. Formed a support line and look for it to come down. Look to take profits in the new year.
TOP PICK
Thinks it’s a better value at $300 than when he bought it at $65, after which they have 7x the earnings and price is up only 5x. Mac is very strong, couldn’t supply enough iPhones, the iPad did well. They are doing very well. Revenue is up year over year by 87%. This is a bigger pie story. Technology is moving at such a rate that anything that provides more information and more mobility is growing at a much faster rate than the economy.
BUY
Earnings today brought stock down 5% after the bell. It is trading at less than 20 times earnings with a tremendous growth rate. It’s possible for it to go to $400 if tech stock multiples expand.
TOP PICK
Best brand name globally. Have $50 in cash per share. Will deliver 20%-25% earnings growth next year. Expects it will go to $350-$400.
BUY
Suggests a stop loss if it continues to run.
PAST TOP PICK
(A Top Pick Oct 21/09. Up 47%.) Still a very cheap stock. Reporting earnings Monday and he expects them to blow the numbers away. Short-term target of $325.
COMMENT
Will cannibalize the PC market with the iPAD, especially the low-end notebook market. Not a value stock so he is not interested.
COMMENT
Have had great success in innovating and coming up with new leading edge products. $26 a share net cash on the balance sheet and trades at about 17X earnings. The time to buy this stock would be on a pull back in the market.
SELL
(Market Call Minute.) If you believe it can continue to be a leader in fashion electronics, you can buy. He thinks they are priced to perfection.
COMMENT
In the last 3 weeks, has added $28 billion in market cap. That's more than the $17 billion they earned in 06, 07, 08 and 09. Thinks it is expensive. Got stopped out of his position.
PAST TOP PICK
(A Top Pick Oct 21/09. Up 25.81%.) Still a Buy. One of the cheapest stocks out there.
TOP PICK
(A Top Pick Aug 5/09. Up 52.2%.) Back-to-school season has always been there 2nd biggest quarter after the Christmas quarter. Especially this year with new products such as iPad. Most of the iphone and iPad revenues will hit this quarter.
COMMENT
2nd biggest company in the world after Exxon but there is still room for it to grow. Has trimmed his holdings slightly as he wonders about the valuation.
TOP PICK
(A Top Pick Aug 5/09. Up 52.56%.) Reported strong numbers across all measures. Have $50 a share in cash. Sees $17-$18 a share in earnings next year so you are trading at only 12X earnings.
DON'T BUY
This is a stock that he might be interested in taking a Short position on. He would be more interested in this below $241 before he Shorts. There is resistance at $276.
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