NEW YORK (TheStreet) -- Shares of Apple (AAPL) are down 0.28% to $128.58 in midday trading Friday after analysts at Bank of America/Merrill Lynch issued a note detailing five key things missing from the Apple Watch.
Researchers at the firm called the wearable device a "solid product, all things considered."
But, the team also created "a wish list of features" with five items. They include a built-in GPS, more health apps and sensors, a wireless charger, better battery life, and better responsiveness to third-party apps.
Apple designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, as well as a variety of related software, services, peripherals, networking solutions, and applications.
The company is based in Cupertino, Calif.
Insight from TheStreet's Research Team:
After a nice consolidation, the Apple (AAPL:Nasdaq) chart is showing some nice progress. Take out the high spike post earnings in April, and we have a chart showing higher highs and lows in an upward-sloping channel.
We like this chart here, and the Moving Average Convergence Divergence indicator is about to flash a buy signal. Relative Strength is also holding up well. Time will tell of course, but the odds seem to favor upside here as the chart is showing potential for some nice price expansion.
DISCLOSURE: Trifecta Stocks has no position in AAPL. This Alert is a technical analysis of the company's chart, and we are not taking any action in the stock at this time.
Want more information like this from Bryan Ashenberg and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now.
Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
You can view the full analysis from the report here: AAPL Ratings Report