CUPERTINO, Calif. ( TheStreet) -- Even after its recent antenna problems and intensifying competition in the smartphone space, Apple (AAPL) continues to entrance Wall Street, as evidenced by the recent slew of buy ratings it has accumulated.
When it comes to Apple, the "feel good" factor is just too strong to resist, according to at least one tech analyst.
"I think that the market has been looking for good news, and the greater economy is a tough sell," Charles King, principal analyst at technology research firm Pund-IT told TheStreet, adding that Wall Street is keen for a technology champion. "Since the dot.com bust, folks on Wall Street have been looking for Silicon Valley companies to behave like they did in the dot.com boom, and Apple is closest to that."
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