A blogger-analyst with an enviable track record fears the market could drag it down
Two weeks ago, I found this e-mail in my inbox:
"This market has all the earmarkings of a major sell off. No one is hedging their positions and the market continues to grind up on zero volume and with continued outflows from equities and inflows into treasuries. I've generally been a bull, but I've never seen anything like MOREPhilip Elmer-DeWitt - Apr 26, 2010 6:43 AM ET
Apple passed an important milestone last quarter that nobody on Wall Street seems to have noticed: the iPod, once Apple's (AAPL) No. 1 source of revenue, fell into third place after the Mac (No. 1) and the iPhone (No. 2).
Think of Apple's business model -- as Steve Jobs often does -- as a three-legged stool: Mac, iPod, iPhone. As recently as 2006, the iPod leg accounted for 55.5% of Apple's MOREPhilip Elmer-DeWitt - Aug 5, 2009 6:27 AM ET
When Apple (AAPL) reported its fiscal 2009 first-quarter earnings, exactly three months ago, the stock opened the day at $78.20, its lowest point since October 2006.
On Wednesday, when Apple is scheduled to report its second-quarter results, the same shares opened at $122.27 -- a 56% increase.
While that's still below the price targets set by most analysts -- many of whom revised their targets upward in just the past week -- MOREPhilip Elmer-DeWitt - Apr 22, 2009 9:32 AM ET
You know Apple (AAPL) is in for a bumpy quarter when both Gene Munster and Andy Zaky sound bearish notes in advance of the company's fiscal Q2 earnings report -- due out Wednesday after the markets close.
Munster, a senior research analyst at Piper Jaffray, is one of Apple's strongest supporters among the mainstream analysts. And Zaky, who writes a blog called Bullish Cross, is best known for his quarterly analyst MOREPhilip Elmer-DeWitt - Apr 21, 2009 11:29 AM ET
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