| Stock (Symbol) | Stock Price |
Apple (AAPL) |
$123 |
| Data is as of | Expected to Report |
July 29, 2015 |
Oct 19 – Oct 23 |
| Sharek’s Take | |
 Just when you think Apple’s gonna move a move higher it drops back into its base, and isn’t moving once again. The qtr was good, strange that it dropped after earnings, but that’s the name of the game with Apple stock. You never know when it will move. What’s of concern now is this qtrly profit outlook: +32%, +4%, +4%, and +7% the next 4 qtrs. With a P/E of 14 the stock’s undervalued, but the P/E has been 12 to 15 the past four years so you can’t assume it will get bigger. I feel this $123 stock is worth $137 but the stock’s lost momentum and I sold some shares from client accounts, reducing my position totally in the Aggressive Growth Portfolio. |
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| One-Year Chart | |
 I was hoping AAPL would break out of this long base like many growth stocks did this qtr. But it didn’t. Profit growth of 40% isn’t helping the stock. Strange how AAPL moves. |
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| Earnings Table | |
 Sales rose 33% last qtr — simply amazing for such a large firm. Profit growth was a sizzling 45%.
AAPL beat the street by 12 cents, and has been upping and beating for 3 qtrs now. |
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| Fair Value | |
 Here you can see the P/E range the past four years wasn’t very high. Poor Apple, pays a 2% dividend, grows profits at a decent rate, doesn’t get respect. |
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| Ten-Year Chart | |
 Great looking ten-year chart. Stock should maybe be higher from the looks of this. |
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| Bottom Line | Power Ranking |
| Apple is back into its base and may hibernate there for a while. It’s tough to tell when this stock will make a move. I sold some shares from client accounts. AAPL ranks 15th of 23 stocks in the Growth Portfolio Power Rankings, with its low P/E giving the stock long-term appeal, but it was just sold from the Aggressive Growth Portfolio because it’s not timely. |
Growth Portfolio
15 of 23 |
Aggressive Growth Portfolio
N/A |
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