This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Street to Apple: Prove It

SAN FRANCISCO -- Apple's (AAPL - Get Report) fourth-quarter results after Monday's closing bell may show whether the recent innovation will validate a soaring stock.

The company showed its mettle during the quarter with an impressive update of its blockbuster iPod franchise and the increasingly popular line of Mac computers. It also made a wise -- albeit poorly timed -- midcourse correction to the price of its iPhone, which propelled sales above 1 million in early September.

As a result, Apple's stock has notched a series of all-time highs since mid-September.

On Friday, the stock fell along with the rest of the market, but still managed to close at $170.42, just below an all-time high of $173.50 reached in the previous trading session.

Analysts have helped fuel investors' expectations by steadily raising fourth-quarter earning estimates to an average of 86 cents a share on $6 billion in revenue, well above the company's forecast of 65 cents a share and $5.7 billion in sales.

While the iPod and iPhone have enjoyed much of the limelight, Apple's growth story is predicated mostly on the Mac. In the previous three quarters, Mac sales have outpaced other Apple products by increasing their contribution to sales from 36% to 41%.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $112.06 4.00%
T $32.79 1.50%
FB $89.72 2.90%
GOOG $613.55 2.60%
TSLA $247.87 3.90%

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs