AAPL Dips, Recovers amid iPhone 5 Reports

June 21st, 2011 · 26 notes · #apple #iphone #5 #AAPL #stock #price

Apple (NYSE:AAPL), which closed at $316.68 on Monday, opened Tuesday heading downhill even further after news outlets reported Nokia would be offering phones with Windows Phone 7 in the near future. The partnership is thought to have a negative effect on Apple.

Before dropping below $316.05, news surfaced that Samsung was not working to solve the dispute with Apple, signaling to investors that Apple would come out on top in the lawsuit.

In addition, Oppenheimer lowered it’s target on AAPL to $420, however, despite the lower price, it was a reminder to investors that the stock would rally in the coming months, thanks to the iPhone 5 rumors swirling.

Boy Genius Report fed the rumor mills early in the afternoon, claiming that the iPhone 5 would not be a minor update like the iPhone 3GS was to the iPhone 3G. BGR reported that Apple would hold an event in August to showcase the new phone.

The reminders and news had a positive effect on investors as AAPL, along with the rest of the technology sector, performed well. At the day’s end, AAPL closed at $325.30, up 3.17%.

Microsoft, Google, Cisco, and Intel ended the day up 1.19%, 1.74%, 2.44%, and 1.52%, respectively. 

On $AAPL and the Budget

May 23rd, 2011 · 104 notes · #apple #$appl #stock #foxconn #explosion #economy

If you keep up to date with finance news, you’ve been hearing a lot lately about how spending is out of control and we need to fix it. There is a way - an easy way actually. The solution is to cut spending on two huge chunks of our budget: national defense and social security. Financial analysts and banks have been pushing for a notion since April. 

Unfortunately however, no politician wants to step up and bring up the topic of cutting spending on our national defense and social security. These politicians see it as a death wish - a way of saying “I don’t want to be re-elected”. MSNBC’s Jim Cramer said the economy will be going nowhere but downward for the next couple of months, even if someone speaks up about the budget. “Hold on,” he said.

As this news has become more prominent, I’ve watched $AAPL go -13%. At one point I had a gain of +15%. Though my bank account says otherwise, I’ll be keeping my eggs in the basket and staking this one out, despite the news today about an explosion in one of Foxconn’s buildings. 

I believe that Steve Jobs and the rest of the executive team at Apple can handle PR situations like this, as they have shown before in the Foxconn working conditions crisis. I also believe that Apple can separate themselves from the rest of the stock market, at least partially away from this economic bump and into positive numbers, as they have shown before during the stock market crash of 2008.

Hold on to your hats apples.