The Daily Apple: Monster Lines for the iPad around the World!
Demand for the iPad is better than anticipated (Gene Munster of Piper Jaffray ) this morning. He's calling for Apple (Nasdaq: AAPL) to control the tablet market until 2015.
The stock is down 1% this morning to $580. The 'sell on the news event' syndrome, you know.
Oppenheimer raises Apple price target to $700 from $570; rating outperform.
The new iPad has faster chips, fourth generation wireless, a crisper display, a better camera, making it harder for competitors like Samsung's galaxy which lacks apples apps and content, to catch up.
UBS raises Apple's price target to 675.
UBS says expects Apple to launch redesigned iPhone5 in October.
iPhone5 is now the big catalyst that will drive the stock shares higher.
The most recent picks by «DiviMo» are: A buy rating on Home Depot (NYSE: HD), a buy rating on Pacific Sunwear (Nasdaq: PSUN) and a buy rating on Chico's FAS (NYSE: CHS).
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.