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Fri
15
Mar

Samsung’s Galaxy S4: Should Apple Be Afraid?

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AAPL MSFT BBRY NOK

StockSaints — I have to tip my cap to Samsung. This is despite my loyalty to Apple (AAPL). With the arrival of Samsung’s new phone, the Galaxy S4, I’m realizing there isn’t much that separates the two companies.

That is to say, I can’t hold Apple in such high regard, without doing the same for Samsung. And to continue to argue that that one is better than the other is to miss the main point of what is going on today’s ever-competitive battle for fingertips.

Aside from some incremental updates, the Galaxy S4 doesn’t appear to be significantly different from the Galaxy S3. While the S4 looks very similar to the S3 since they both have the same body style and casing, the S4 also sports a slightly larger screen, which is roughly 4% larger diagonally. But other than a better processor and camera, does Apple really have anything to be fearful about?

Thu
14
Mar

Apple Is a Buy, Says Analyst – Sets $540 Price Target

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AAPL

StockSaints — All is not lost in Apple (AAPL). Despite the litany of bearishness from analyst, including a recent price target as low as $420, there are those that still believe in the tech giant.

On Thursday, Apple was upgraded to a “buy” with a $540 price target by Walter Piecyk, analyst at BTIG. I never thought that I would ever get excited with such a low number, but nevertheless, it’s a sign that (perhaps) the company’s fortunes are about to change. While speaking with CNBC, Piecyk said, “The buy side wants to look towards 2014 where there could be earnings growth.”

Wed
13
Mar

Apple Can Spend $50 Billion On Buybacks, Will It Help?

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AAPL GOOG

StockSaints — Shares of Apple (AAPL) continue to be under increased pressure from frustrated investors caught wondering what the heck happened to their precious stock. But has Apple really fallen off the tree of prosperity? Or more specifically, is Apple rotten? I don’t think anyone can say with a straight face that it has.

Granted, there have been some flaws in execution. The maps fiasco comes to mind. But it’s not as if Google (GOOG) and Samsung are leaving Apple in the dust. Although it would be hard to argue that Google is the most dominant tech power today. However, and more likely, Apple is suffering from a change in sentiment. The company is no longer viewed as “Midas,” instead it is seen as stubborn and greedy.

Wed
13
Mar

Bank of America Passes “Physical” – Now What?

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BAC WFC JPM

StockSaints — Last week Bank of America (BAC) soared to their highest level in more than seven months following the company’s recent Federal Reserve stress test that revealed the bank had made considerable progress with its cash levels. Management had showed plenty of confidence that it would pass “the physical.”

Wed
13
Mar

Should Investors Still Believe In Alcoa?

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AA BA

StockSaints — Aluminum giant Alcoa (AA) continues to frustrate investors who want to see the stock move higher. Shares have been stuck in a range for quite some time. But it’s not because the company has underperformed.

In fact, Alcoa has exceeded expectations for the past several quarters. But despite the company’s strong performance and sound management team, Alcoa is still in an industry that is facing some headwinds – albeit somewhat improved.

Tue
12
Mar

Apple Closes Down 2.14% On Lower iPhone Projections

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AAPL

StockSaints — Shares of Apple (AAPL) closed down $9.38 or 2.14%, to $428.49 after Peter Misek of Jefferies, lowered his price target from $500 to $420 while reiterating his hold rating.  Misek believes there is a 25% chance that Apple might miss revenue estimates for the fiscal second-quarter, which ends in March.

Misek also sees potential weakness due to what he believes might be a delay in the shipment of an “iPhone 5S,” which was anticipated in June and might not be available until August.

Consequently, Misek also lowered his iPhone estimates by 2.5 million units. This adjustment prompted Misek to reduce his fiscal second-quarter revenue estimates to $41 billion from $42.7 billion, while lowering earnings per share estimates to $9.52. Likewise, third-quarter estimates have been revised down to $35.5 billion in revenue and EPS of $7.22.

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