Apple (NASDAQ: AAPL ) – This great American success story saw its stock put
under pressure following the death of founder Steve Jobs. But the new management
team was handpicked by Jobs and is expected to perform well. Analysts are
estimating sales growth of 30% in FY 2012 (ending in September) versus a
projected 67% rise in FY 2011. At just 9.6 times FY 2012 earnings estimates the
stock looks undervalued. The Trade of the Day recommended AAPL on Oct. 10 after
it bounced from its 200-day moving average. The stock is in a powerful bull
trend, and any time it dips to its bullish support line and 200-day moving
average it should be bought.
No comments:
Post a Comment