Tuesday, April 17, 2012

Apple's Stock Stumbles Ahead of Earnings - Businessweek

Another Apple perspective
"In reaction to Apple’s Monday pullback, Gene Munster, Apple’s outspoken Trillion-Dollar Bull at Piper Jaffray, put out an afternoon note that reiterated his Buy rating and $910 price target—in spite of what he said were jitters on the Street over the strength of Apple’s Mac computer business, which is on the verge of a product cycle refresh.
Mama said there’d be days like this. But Mama also knows that any other company wouldn’t much mind this kind of day after having added $206 billion in market capitalization, or one Wal-Mart (WMT), in just four and a half months."
Apple's Stock Stumbles Ahead of Earnings - Businessweek
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