We may have pulled the trigger too early when advising investors to devote cash to Apple (AAPL) stock. Fortunately, the stock had a major recovery and rally on Friday, which sent shares higher by about $5 per share. Even at these levels, Apple looks like a prime play for a post-Fed decision rally. Look for Apple to reach $150 per share by the end of the year, alongside a possible fullscreen iPod release. Quite recently, rumors have been surrounding a possible update of the iPod and iPod nano lines. Investors should see a tremendous pop in shares among a fullscreen release, as there is another large demographic of people that don’t need a cell phone, but would like the fullscreen iPod functionality that the iPhone has. Stay tuned for further coverage from MarketMatador.com.
Disclosure: Long Apple Inc. (AAPL)
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#1 by Capacitors on August 20, 2007 - 5:46 am
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apple company becomes stronger and stronger. Apple’s iPhone isn’t perfect, but it’s worthy of the hype
#2 by Aaron on August 20, 2007 - 11:38 pm
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AAPL definitely seems like a pretty good value right here. The stock has taken a pretty good hit, and the company has amazing growth and a beautiful balance sheet. The innovation at Apple has trumped everyone of late.