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August 19th

Apple Inc. Ready to Recover with Market

posted in Apple (AAPL) |

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.

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Disclosure: Long Apple Inc. (AAPL)

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This entry was posted on Sunday, August 19th, 2007 at 2:32 pm and is filed under Apple (AAPL). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

There are currently 2 responses to “Apple Inc. Ready to Recover with Market”

  1. 1 On August 20th, 2007, Capacitors said:

    apple company becomes stronger and stronger. Apple’s iPhone isn’t perfect, but it’s worthy of the hype

  2. 2 On August 20th, 2007, Aaron said:

    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.

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