I'd love for AAPL to go up, but I suspect that this deal, which was widely assumed to be a matter of time, has already been built into the stock price.
What should happen and what will happen are two different things. AAPL should be way up tomorrow but knowing Wall Street they'll find something negative about it to keep the stock down.
It still blows my mind that Google stock went up over $100 after the last earnings call. The record quarter that Apple reported back in January 2012 (where they reported $13 billion in profit) didn't even move the stock half that much. It seems like Wall Street will find any reason to push Google and Amazon shares higher (Amazon is up over 60% so far this year, Google 55%; whereas Apple is up in anemic 3%). Even this morning Apple shares are up less than 3% pre-market; it's basically just getting back what it lost last week.Much of Wall Street that trades in AAPL are short-sighted, which is why they "panicked" last week and dumped AAPL shares upon news that the Apple-China deal was delayed. As if this thing hadn't already been delayed (numerous times) in the past year.
The dummies are the ones that panicked and sold. The smarter ones are the ones that bought immediately after on the dip.
In the end, it may be a hidden blessing that AAPL's value is not "ballooning" (stock bubble growth) astronomically like Google or Amazon's stock values. AAPL is just steadily creeping upward which is fine with me. Google's value having surged so quickly is a bubble in the making. It only takes one hiccup in the near future, and that stock bubble will burst in the most humbling way.
Should be good for the Apple stock
The dummies are the ones that panicked and sold. The smarter ones are the ones that bought immediately after on the dip.
It still blows my mind that Google stock went up over $100 after the last earnings call. The record quarter that Apple reported back in January 2012 (where they reported $13 billion in profit) didn't even move the stock half that much. It seems like Wall Street will find any reason to push Google and Amazon shares higher (Amazon is up over 60% so far this year, Google 55%; whereas Apple is up in anemic 3%). Even this morning Apple shares are up less than 3% pre-market; it's basically just getting back what it lost last week.
I'd love for AAPL to go up, but I suspect that this deal, which was widely assumed to be a matter of time, has already been built into the stock price.
I said this last Wednesday. If anyone took my advice, you're welcome. You just made 4% in less than a week.
Investment advice isn't worth a thing unless it comes with a money back guarantee.
I'll only admit it when I'm right. Heaven knows I've been wrong!