Saturday, March 06, 2010

Apple Stock

Remember when I said to BUY this at $39 and then again at $75 and again on earlier posts.....
I would still BUY Apple Stock.....

Mad Money’s Jim Cramer: Time’s running out to own Apple stock
Friday, March 05, 2010 - 12:05 PM EST

"If you don’t own Apple yet, Cramer said Thursday, you might want to buy it now," Tom Brennan reports for CNBC's Mad Money.

"Reports are saying that as soon as next week the iPad, Apple’s touch-screen tablet computer, will be available to train store managers on its use," Brennan reports. "Also, the company’s ad campaign will roll out two weeks from now. But the public won’t get its hands on the product until maybe April, leaving plenty of time for more hype to build. AAPL has ramped up before similar releases, and Cramer is guessing it’ll happen again. 'You need to be in ahead of that,' he said."

Brennan reports, "Cramer said AAPL is still cheap. He subtracted the $43 a share in cash on the company’s balance sheet, figured in the $13.50 a share that analysts think Apple can earn and came up with a 13 multiple for this stock, excluding the cash. That “seems wrong to me,” Cramer said, citing Apple’s growing momentum in the personal-computer space, its market share among MP3 players, the devotion of iPhone users and the money coming in from iTunes. Cramer urged viewers to buy AAPL now, before the share price takes off."

Full article here.

MacDailyNews Take: Shares of Apple Inc. (AAPL) are currently up $7.79 (3.70%) to trade at an all-time high of 218.50.
Apple shares rocket from iPad to hit new all-time intraday, closing highs
Friday, March 05, 2010 - 04:20 PM EST
Shares of Apple Inc. today rose $8.24, or 3.91%, on heavier than average volume of 30,602,258 shares to set a new all-time closing high of $218.95.

Apple's previous closing high was $214.38, set on January 5, 2010. Apple's all-time high (intraday) stands at $219.70, set during trading today. Apple's 52-week low was $82.33, set on March 6, 2009.

At market close, Apple's market value stands at $198.54 billion or, as Eric Savitz notes for Barron's, "Financial sites all use the latest published share count for Apple, at 906.8 million shares outstanding as of January 15. In fact, Apple’s diluted share count, per its latest 10-Q, was almost 920 million shares, which would give the company a market cap of roughly $202 billion."

MacDailyNews reader "aapl_investor" did the math exactly: AAPL diluted shares: 919.783 million. Closing price: $218.95. AAPL market cap: $201.39 billion.

For reference, the top five U.S. publicly-traded companies, followed by some selected companies' current market values:

1. Exxon Mobil (XOM) - $314.20B
2. Microsoft (MSFT) - $250.73B
3. Wal-Mart (WMT) - $206.00B
4. Apple (AAPL) - $201.39B
5. Berkshire Hathaway (BRKA) - $194.25B

• Google (GOOG) - $179.41B
• IBM (IBM) - $165.30B
• Cisco (CSCO) - $144.34B
• Hewlett-Packard (HPQ) - $122.69B
• Intel (INTC) - $114.84B
• Disney (DIS) - $64.43B
• Amazon (AMZN) - $57.31B
• Nokia (NOK) - $52.40
• Research In Motion (RIMM) - $38.72B
• Sony (SNE) - $36.47B
• Dell (DELL) - $27.16B
• Yahoo! (YHOO) - $22.76B
• Adobe (ADBE) - $18.43B
• Motorola (MOT) - $16.07B
• Palm (PALM) - $956.96M
• RealNetworks (RNWK) - $699.84M

Apple shares rocket to new all-time high ahead of iPad release
Friday, March 05, 2010 - 12:22 PM EST
"Apple Inc. paced a broad tech advance Friday, with its shares hitting an all-time high, after the company set a release date for its highly anticipated iPad touchscreen tablet computer," Rex Crum reports for MarketWatch.

MacDailyNews Take: Shares of Apple Inc. (AAPL) are currently up $7.85 (3.73%) to trade at $218.56. Apple's market value currently stands at $198.19 billion.

Crum reports, "Before the market opened, Apple said the iPad will go on sale in the U.S. on April 3, with pre-orders being taken beginning March 12."

"The daily gain was the biggest one-day move since Apple shares gained 4% on Jan. 19, according to FactSet," Crum reports. "With Apple in the lead, tech stocks rose across the board. The gains were helped by positive reaction to the latest jobless-rate report, which said the U.S. unemployment rate in February held steady at 9.7%."

Full article here.

James Rogers reports for TheStreet, "The consumer technology giant said that Wi-Fi models will be available on April 3 and Wi-Fi + 3G will be available later in the month. U.S. consumers will be able to pre-order the devices a week from today, on March 12, or reserve a Wi-Fi model to pick up at an Apple retail store on April 3."

"Apple's shares surged $7.40, or 3.51%, to $218.11 by late morning on Friday, as investors responded to the iPad news," Rogers reports. "The company's stock easily outpaced the broader technology market, as the Nasdaq gained just 1.12% over the same period."

Rogers reports, "Analyst firm Goldman Sachs forecasts that Apple will sell 6 million iPads during calendar 2010, although Wall Street consensus is around the 5 million mark."

Full article here.