I have been very bullish on AAPL for the last few months for many reasons. First, I believe that AAPL has phenomenal fundamentals and is poised to grow at a faster rate over the coming years. I believe that with the iPhone 6 and 6 Plus, AAPL's margins will increase along with the ASP. This should help EPS and Revenue grow at a much faster pace. Second, AAPL has an amazing growth opportunity in China, and I think that this should increase earnings substantially. Lastly, Apple Pay and the iWatch should keep investors excited for the time being. Regardless of whether you think these products/services will make a dent in AAPL's earnings, it is enough to keep investors optimistic that AAPL is continuing to innovate. Putting aside how great a company AAPL is, it is important to look at the technicals to see where the stock is heading next.
Ebola Who?
Ebola... just last month 35% of Americans thought it was a capital city in Africa. Today the panic is growing after a doctor in NYC is confirmed to have the virus. If you read enough of the comments about it, it seems he's been busy licking door knobs, wiping his blood on restaurant utensils, and purposely missing the toilet when taking a leak.
The fear is palpable. Pretty soon 50% of NYC will be walking the streets adorned in full Ebola gear. While everyone is busy worrying about the end of the world, the stock market continues to move higher. Ebola who?
October 24th, 2014 Watch List
Friday Morning Reads – Ebola Here There Everywhere Edition – 10/24/14
The first confirmed Ebola case has come to New York City and with it an evening full of jokes on twitter.
Stock futures took a tumble on the report, but have recovered much of those losses. Since the lows last week the market is back in the 'buy the dip' mode, and as long as this one Ebola case doesn't spread, the market should recover, although $AMZN earnings aren't helping. The stock is down over 10% after reporting a dismal quarter.
Here is some of what I am reading this morning: