Is This the Apple Apocalypse?
CHEAT SHEET Analysis: Catalysts for a Stock’s Movement
One of the core components of our CHEAT SHEET investing framework focuses on the factors affecting the stock in the long term. Apple’s stock is still up 33 percent so far this year, even though it has seen some bad times in the past couple of months and even spent time in bear market territory, where it again reached on Wednesday. That is bad news.
According to Battle, Apple was in need of another mega product launch, like the iPad mini’s, to bring shares back to their higher range at around $700. “They need another new product that hits it out of the park,” Battle told Reuters. “Without that, they could get a gradual grind-down in confidence.”
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