Category: Apple Inc.

“It might be time to sell stocks and buy Apple, technical analyst Carter Worth said Monday on CNBC,” Bruno J. Navarro reports for CNBC. “‘The volume in the case of Apple is almost 10 percent of the float that’s turned over in the last two, three days,’ he added. ‘That’s typically cathartic. It’s the opposite of what’s going on in the market.’”

Navarro reports, “On ‘Fast Money,’ Worth looked at the parabolic move the stock has had over the past year, from $425 to the $700 level and back down to $425. ‘At this point, it’s an epic bounce candidate,’ he said.”

Watch the video in the full article here.

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

“Despite the three-month decline of Apple’s stock price, some analysts are now more confident that the company has some solid operations behind it and will continue to deliver industry-beating growth rates across 2013 and into the following year, even if speculated new products such as ‘Pandora-like radio service’ or long-rumored HDTV set never materialize,” MacNN reports. “There is also some evidence the corporate and enterprise buying of Apple products may snowball in 2013.”

MacNN reports, “Forrester Research is predicting that Apple will have a record year in enterprise sales of Macs and iPads in 2013, estimating a total of $18 billion in corporate sales between the two lines, with the iPad leading the way. Though competition in the ‘business tablet’ space may increase due to efforts from Microsoft and Google to undercut the iPad, in the foreseeable future the iPad remains the best choice for tablets, and retains strong employee preference for them over Android- or Windows-based devices.””

Read more in the full article here.

[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]

Related article:
Forrester Report: Apple will sell $39 billion in Macs and iPads to businesses over next 2 years – January 4, 2013

In a brif report, Reuters notes that Hon Hai Precision Industry Co Ltd , a major supplier of parts to Apple Inc, said on Monday that unconsolidated November sales rose 14.5 percent from a year earlier [T$351.7 billion ($12.10 billion) vs.T$275.7 billion in the previous month].

MacDailyNews Take: Bodes well for Apple.

Brief article here.

“Even after a 12% gain in the S&P 500 index this year, uncertainty about the fiscal cliff, increased taxes, and still-high unemployment continue to wear down investors. Year to date, domestic equity funds have seen $110 billion in net outflows,” Andrew Bary writes for Barron’s. “The new year could bring more of the same if economic uncertainty fails to lift, making the key question for investors not which way the market is headed in 2013, but which stocks are going to go up.”

Bary writes, “For the third year in a row, Barron’s is taking a crack at that question, with our 10 Favorite Stocks for 2013, including blue-chips like Apple (AAPL), JPMorgan Chase (JPM), Royal Dutch Shell (RDSA), and Novartis (NVS), and smaller companies like Barnes & Noble (BKS) and disk-drive maker Western Digital (WDC), which appear sharply undervalued.”

“Apple is still going strong, even as the company’s shares have traded down 23%, to around $540, from a September peak of $705. None of the recent investor concerns — lower margins, supply constraints, management changes, iPad competition, and the iPhone 5 map fiasco — are major,” Bary writes. “It’s true that Apple’s earnings growth has slowed to a 23% rate from more than 100% a year ago, but that’s understandable, given the company’s $156 billion in annual sales.”

“Veteran UBS tech analyst Steve Milunovich recently wrote that it’s a ‘good time’ to add to positions in Apple before year end, with the stock trading near its lowest price/earnings ratio in five years after two disappointing quarters,” Bary writes. “He carries a price target of $780. Apple trades for only 11 times projected profit of $49 a share in its current fiscal year, ending in September 2013. Strip out Apple’s huge cash holding of $128 a share, and the effective P/E is just eight.”

Bary writes,” Even after implementing a dividend — now providing a 1.9% yield — and a modest buyback program, Apple should build cash at a rate of $40 billion annually. There’s room for a higher dividend and a more aggressive share-repurchase program in 2013. Both could play well with investors.”

Full article here.

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