A report out of Apple's Asian supply chain may have sent the wrong signal to Wall Street
Apple (AAPL) shares fell sharply in early trading Monday following a widely reported note to clients from J.P. Morgan's Gokul Hariharan to the effect that multiple supply chain vendors in Asia have registered a 25% cut in fourth-quarter iPad 2 orders from Apple -- "the first cut ever we've seen" according to Hariharan. (Business MOREPhilip Elmer-DeWitt - Sep 26, 2011 11:30 AM ET
On June 17, he told readers to buy AAPL at $320. The stock took off two days later.
We gave Andy Zaky, an independent analyst with a enviable track record, a hard time a few weeks ago.
He had just published a report on his Bullish Cross blog (reposted on Seeking Alpha) advising investors to buy Apple (AAPL) at $320. Although his three previous Apple buy signals had proved prescient, we took MOREPhilip Elmer-DeWitt - Jul 8, 2011 7:06 AM ET
There's a seasonality to the company's share price. So beware those January 2012 calls.
With the usual caveat that past performance is no guarantee of anything, two recent reports have uncovered interesting patterns in Apple's (AAPL) share price.
Two weeks ago on Seeking Alpha, Jason Schwarz documented a weekly cycle of Monday lows and Thursday highs. Over the past 32 weeks, he reports, Apple's share price has fallen from Friday to Monday MOREPhilip Elmer-DeWitt - Jun 27, 2011 12:09 PM ET
If you ask about sales in the quarter that just ended, you get three very different answers
Apple's (AAPL) third fiscal quarter of 2011 ended Saturday at midnight. How did it go? That depends whom you ask.
In April, Apple CFO Peter Oppenheimer told analysts he expected Apple to earn $5.03 per share on sales of $23 billion. But given how Apple tends to low-ball its forward-looking guidance, nobody really believed him.
The MOREPhilip Elmer-DeWitt - Jun 26, 2011 11:34 AM ET
Not that it has done any good. Shares fell 1.5% that day and opened 0.9% lower on Monday
We've been following Andy Zaky's posts on Bullish Cross since 2007 and have found, as he likes to remind readers, that he's one of the best independent analysts following Apple (AAPL). His estimates of Apple's quarterly earnings are uncannily accurate. In the years we've been tracking them, they've never failed to beat those MOREPhilip Elmer-DeWitt - Jun 20, 2011 10:46 AM ET
The stock is up 330% since its 2008 low, but that's really nothing to write home about
In an article posted Friday on Seeking Alpha, Fortune.com contributor Andy Zaky takes aim at a phrase that has attached itself to Apple (AAPL) recently: "the darling of Wall Street." (Google it; you'll be surprised how often it pops up in the financial press.)
Apple is a darling, the thinking goes, because the stock has MOREPhilip Elmer-DeWitt - May 13, 2011 7:40 AM ET
What triggered the sell-off that knocked $10 billion off the company's market cap?
Something happened to Apple's (AAPL) share price Thursday afternoon that has investors still scratching their heads.
The stock, which had been sailing along near its all-time high of $360 a share, started to drop at about 1 p.m. Then, at 1:39, it collapsed, falling from $355 to $349 in the space of four minutes.
In all, $10 billion got MOREPhilip Elmer-DeWitt - Feb 10, 2011 2:50 PM ET
Apple (AAPL) set a new all-time intraday high Thursday, hitting $320.18 shortly after 11:00 a.m. EDT, up $7.38 (2.4%) from Wednesday's close.
Apple closed at $318.27, up $5.47 for the day.
The stock's latest run-up seems driven more by the broader market than by any news out of the company -- although a rising tide tends to lift Apple's stock more than most these days. After a string of record-breaking quarters, Apple MOREPhilip Elmer-DeWitt - Nov 4, 2010 12:22 PM ET
It's now the second-largest company in the U.S., and it still manages to grow its earnings by more than 50% a year.
by Andy M. Zaky, contributor
In the four years I've followed Apple (AAPL) as it's grown from a mere mid-sized tech stock to becoming the second largest corporation in the United States in terms of market capitalization, I never imagined that it or any other company of its size would MOREJul 12, 2010 12:19 PM ET
When the market falls, Apple shares usually fall further. Investors should brace for the worst if the broader market continues its decline.
By Andy M. Zaky
For as long as I can remember, Apple (AAPL) has been a slave to the direction of the broader market despite its unusually strong fundamentals. Whenever the broader market sells off, Apple's drop is more severe. When the market rallies, investors tend to focus on MOREJul 1, 2010 6:25 PM ET
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