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

Apple's Future Looks Bright

Apple could also post a better-than-expected gross margin , says Tony Ursillo, an analyst with Loomis Sayles, which holds Apple shares. Margins could come in a little higher than 30%, above Apple's guidance of 29.5%. Ursillo expects the top line to mirror the consensus estimate, although the company could add a little extra to the bottom line. "It's a tougher period seasonally," he says.

Shares of Apple closed Tuesday off 27 cents to $93.60 as the company's former chief financial officer blamed CEO Steve Jobs for his role in a backdated stock option grant. But investors appear to believe Jobs is safe; the stock has been up about 11% this year.

But it's word about the company's highly anticipated second half of the year that will capture investors' attention during the company's earnings report, say company watchers.

Any favorable guidance on the iPhone and Leopard is likely to drive the stock, says Dator, but Apple will likely follow form and underplay its estimates.

Analysts are expecting Apple to post a profit of 67 cents a share on revenue growth of almost 25% to $5.44 billion in the third quarter.

"The wild card around guidance is how Apple views the impact of the Leopard delay on sales of its Macs," says Ursillo. "It will be interesting to see if they say it may not make much of a difference or if they will be more conservative, in which case the stock might sell some."
2 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 $113.29 0.00%
FB $91.01 0.00%
GOOG $630.38 0.00%
TSLA $248.48 0.00%
YHOO $33.14 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs