While I was never on board for the company to issue one in the first place, Apple could raise its dividend. That could be a major catalyst. Not only would Steve Jobs have never appeased shareholders, he sure as heck would never raise a dividend to pump the stock.
I wouldn't put it past Tim Cook, particularly if holiday earnings miss, are in line or only modestly beat.
Bottom line: If Apple knocks off, it will result from its own doing. They're not there yet.
Innovation from the big boys is all but absent.Companies such as Google (GOOG) can do little more than compete -- feebly -- on price. And the ones who don't attempt to undercut Apple bring nothing compelling enough or, in RIM's case, on time to woo holiday shoppers. When the bear trap snaps, it's going to get ugly. At the time of publication the author was long AAPL.
Follow @rocco_thestreet This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV