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JP Morgan Starts APPL at Neutral
- Thread starter Chad4Mac
- Start date
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caveman_uk
Guest
As a short term investment thesis the neutral rating makes sense
1) Yeah, they are making profits on the iPod, but as more and more competitors enter the market, you could see a loss in their margin -- as they drop the price a nudge.
2) IT upgrades in the near term picture already priced in. This happenend when the G5 was released.
3) Education biggest opportunity but there is intense competition (cough...Dell, HPQ).
4) Technical: found some support on the 150 day, looking at resistance at the 50 day.
Unless Apple releases something really cool or does iTunes Japan, Europe, Canada really soon, I can't see the stock price surpassing 25. There needs to be some kind of catalsyt to bring it past this level.
I like it under $21.
Chad4Mac
1) Yeah, they are making profits on the iPod, but as more and more competitors enter the market, you could see a loss in their margin -- as they drop the price a nudge.
2) IT upgrades in the near term picture already priced in. This happenend when the G5 was released.
3) Education biggest opportunity but there is intense competition (cough...Dell, HPQ).
4) Technical: found some support on the 150 day, looking at resistance at the 50 day.
Unless Apple releases something really cool or does iTunes Japan, Europe, Canada really soon, I can't see the stock price surpassing 25. There needs to be some kind of catalsyt to bring it past this level.
I like it under $21.
Chad4Mac