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Apple Stock Symbol: AAPL-Q

Notes:PC Mnfctr

Last Price Recorded: $102.9900 on 2014-10-23 01:14:01

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Date Signal Expert Opinion Price
2014-10-16 HOLD Stan Wong

Trading at about 15X near market valuations, but better than the market growth rate. Still a pretty good name. Trading at under 1.0 PEG ratio, which is pretty cheap. Thinks the valuations are getting more normalized at this point.


Price:
$96.260
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-15 PAST TOP PICK Barry Schwartz

A Top Pick Nov 28/13. Up 27.14%.) Doesn’t think the iPad is the real mover of the company. He still thinks it is the iPhone. Valuation ex-cash is still cheap.


Price:
$97.540
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-14 TOP PICK Bruce Tatters

Valuation, net of cash, is about 11 times. This compares against the market of about 14 times. Thinks you could easily see 20%-25% earnings growth over the next year. When you see a company trading at 30%-35% discount to the market, with double its growth, this is quality on sale.


Price:
$98.750
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-10-07 WATCH Christine Poole

She is not thinking of adding this to her portfolios as it has had a nice run into their product announcements. It will probably have a pretty healthy holiday season and it is launching in China now. She would wait for it to pull back closer to its 200 day moving average of $86.72.


Price:
$98.750
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-09-30 BUY Gordon Reid

A very good hold.  Don’t sell it to buy something else.  It continues to be very attractive.  They have overcome some of their issues like innovation.  They are convincing the street there is innovation in their future.  The watch will get some traction as a category in sensory items.  The bill payment system will be a very big area of Apple’s future.  The phone is a refresh item, but a big source of cash flow with sales of a 100 million units.  A very bright future.  The other side is their capital allocation policy.  It is going to share buy backs.  He, however, likes it.


Price:
$100.750
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2014-09-29 DON'T BUY Norman Levine

Steve Jobs was the heart and soul so when he died it did not remain the same company.


Price:
$100.110
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
No
2014-09-29 DON'T BUY Patrick Horan

Double Dutch Irish tax scheme.  It allows them to shelter their revenues through Ireland.  If the worst came to the worst they might have to restructure.  He would not get too shaken out on the stock based on this.  His problem is that most of their business is the iPhone.  It is very fat for them.  He does not see them growing around the world from here.  He also sees competition from guys with razor thin margins.  Everything they are doing speaks for consumerism and not technology.  If they continue to raise their dividend the stock could still work.


Price:
$100.110
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Unknown
2014-09-19 COMMENT John Stephenson

If you own, you’ve had a good run and would be probably wise to trim a little bit. However, overall, looking at the technology space, this looks really good. They do 2 things primarily. Produces consumers’ products, but also has the operating system which you can use across your iPad, iPhone, etc. Thinks they have a lot of leverage that they are starting to pull. Valuation is not ridiculous and they have a lot of cash.


Price:
$100.960
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2014-09-17 HOLD Christine Hughes

In terms of the area of the market that this is in, NASDAQ has proven itself over the last several months to continue to be the leader through this mid-cycle turn. The sector has a lot of things going for it. The refresh for Apple is going extremely well. If you own, she would continue to ride it.


Price:
$101.580
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2014-09-16 TOP PICK John O'Connell, CFA

Thinks the new watch is going to be amazing because he thinks it is going to be part of the whole point of sale transaction. It’s on your body and the biometrics is going to work and will just scan your watch when you walk out of the store. Feels the company is transforming the whole shopping experience. The ApplePay is a really, really big deal and the watch is going to sync with that.


Price:
$100.860
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-12 HOLD Bruce Campbell (1)

At this price, you are paying only about 15X earnings. If you think they have growth above average, seasonally this is one you want to own as they are going to sell a lot of new phones, etc. and you will have a good quarter. He is seeing Wall Street targets in the $110 range, which is 10%, making it still worth holding. If you are back at $90, you would feel a lot more excited.


Price:
$101.660
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-11 COMMENT Teal Linde

He’d be a trader.  iPhone is 70% of their revenue.  There is a lot of hype around new product launches.  Thinks the iPhone 6 will be the largest launch in its history.  A lot of users have been waiting for a bigger screen.  A lot of people will upgrade, but he can’t see what they do after this.


Price:
$101.430
Subject:
NORTH AMERICAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-09-09 BUY David Burrows

Apple’s New Product Event: Ultimately, what Apple is trying to do, is to re-establish some growth in the business. They have a history of trading up into these events and then back off a little afterwards. It will really depend on what they come out with. There are high expectations for some new products. Payments could potentially be quite interesting, depending on how the business model works. This is something that a lot of companies have been trying to do, and Apple probably has a critical mass to drive. He would expect them to deliver some very great products. An investment in this company is just an investment in some very secular long-term themes towards wearables, wireless data, etc. Stock has been behaving well into the news and is in a strong sector.


Price:
$97.990
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
Yes
2014-08-29 PARTIAL SELL Jennifer Radman

She tends to avoid the consumer products side on hardware electronics. This company has done a phenomenal job. She is always afraid of how quick consumers are to change their minds, and to go after new things. If you own, she would consider trimming back and getting out of the holding. 


Price:
$102.500
Subject:
US LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-08-28 SELL Darren Sissons

Sep 9th is perhaps the day they have an announcement of a new iPhone.  The challenge is the price.  There is a challenge to sell a $600 phone to people in China.  What is left in the company to drive them to a higher value? 


Price:
$102.250
Subject:
GLOBAL LARGE
Bias:
BULLISH
Owned:
Unknown
2014-08-28 PAST TOP PICK Don Lato

(A Top Pick Aug 26/13. Up 45.52%.) Thinks Sept 9 is going to be a big deal. We are going to see some new products and are also going to see a new business or two. Thinks they still have the brightest and best research department in all of technology. Had more cash allocated to research over the last 2-3 years. If you don’t own, he would buy half now and half after Sept 9th.


Price:
$102.250
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-20 BUY Gordon Reid

He has been a long time holder of this stock. Even though it is at an all-time high, if you look at the fundamentals it is not expensive. They are spinning off a tremendous amount of cash. Post Steve Jobs they have done a 180 in terms of capital allocation. Very, very shareholder friendly by buying back shares at a rate of about 6% float per year. This is an all round good investment.


Price:
$100.570
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-15 TOP PICK Brian Acker, CA

The 7 for 1 stock split was surprising, and actually increases his FMV of his model price. Currently at $97.50 and his model price is $112.75, a 15%-16% upside. Sept 9 is the new product rollout of the iPhone 6 and maybe the iwatch. Yield of 1.93%.


Price:
$97.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-08-14 COMMENT Paul Harris, CFA

Can’t disagree that they have great products and that they have executed incredibly well. Not an expensive stock. Make almost 40%-50% of their revenue from one product, the smart phone. Have not come out with any game changers for the last little while. Unless they come out with some game changing it is much more financial engineering they are doing, such as buying back stock and increasing their dividend.


Price:
$97.500
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BULLISH
Owned:
No
2014-08-13 BUY on WEAKNESS John Wilson

This is a very event driven name. Tends to trade off around the time of a product release cycle, which always represents a great opportunity. Among the cheapest large caps given the cash on the balance sheet. Doesn’t think $120 as a target in 1-2 years is out of line.


Price:
$97.240
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-08-01 COMMENT Norman Levine

Not a fan of this company. The old Apple under Steve Jobs was a revolutionary company. Under current management, it is an evolutionary company. The hand set business is a lousy business and has been so from day one.


Price:
$96.130
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2014-07-24 TOP PICK David Burrows

Sometimes it is hard to stick with what is working.  Just about to release a new iPhone.  There is growth in the BRIC countries.  They have the watch device. There is a JV to provide enterprise services.  It is behaving very well and has strong dividend growth and strong free cash flow.  Great balance sheet.


Price:
$97.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-24 PAST TOP PICK Gordon Reid

(A Top Pick July 17/13. Up 61.67%.) Had a 7 for 1 stock split. Thinks the market has refocused. Has gone from euphoria when the iPhones were being introduced, followed by the doldrums when people were pricing the company for extinction. We are now moving back towards the euphoria phase with a new product cycle that is about to hit us. There will probably be an iWatch. Have returned $78 billion to shareholders in the last 1.5 years. Have another $50 billion or so, to satisfy their commitment. Thinks the stock can go higher from here. Still represents excellent value.


Price:
$97.030
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-07-23 BUY on WEAKNESS Stan Wong

We are now looking at 1.25X PEG ratio, which is not expensive, but not cheap anymore either. Not sure if you should make a new purchase at this time. He would wait for a pullback.


Price:
$97.190
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-10 TOP PICK Zachary Curry

Really positive on the stock. The split is helpful. New phone and potential new products. Generally thinks it is due for a good refresh cycle. Great balance sheet.


Price:
$95.035
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-07-08 BUY on WEAKNESS Christine Poole

She got out of it because the handset business was commoditized.  They split their stock and are buying some back.  There is some momentum on the release of new products.  Don’t buy because it is close to all time highs.  The old tech stocks are rather mature so she recognizes that much of their growth is behind them.  Social media stocks are hard to buy for a value investor.


Price:
$95.350
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-07-04 COMMENT Paul Harris, CFA

Google (GOOGL-Q) or Apple (AAPL-Q)? Given this choice, he would pick Google. On a balance sheet level, etc., they are very similar. Google is a software company whereas Apple gets about 60% of their revenue off of one product, the iPhone. There has not been a real product from them for a long, long time. Also, this company has gone up a lot more, but that has to do more with financial engineering, as opposed to anything else.


Price:
$94.030
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-03 TOP PICK Brian Acker, CA

They did the stock split.  20% upside to get to its model price.  iPhone 6 is coming with two different sized screens.  He already got in.  It is consolidating here.


Price:
$94.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
Yes
2014-07-03 COMMENT Barry Schwartz

Believes this is as good a company as many others and should trade at a premium to the S&P 500 multiple on earnings. $115-$120 is where fair value is. Good things happen to companies that generate this much free cash flow.


Price:
$94.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-06-30 WATCH Bill Carrigan

Compared this with the QQQ-Q on a 3-year chart, and it showed Apple as a huge Outperform in 2012. Gap was closed in 2013, but is now again trying to outperform. Keep an eye on that peak in 2012, which seems to be the target for it. He would be careful. It could be a double top. You want it to clear the high of 2012, by at least 5% on a weekly basis, to confirm that it has broken out to new highs.


Price:
$92.930
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2014-06-25 COMMENT Michael Bowman

Thinks they are really changing their whole structure. Took over the music thing of Dr. Dre about a month ago. They are forming into some kind of an entertainment company, and is completely different than it was a year ago. They are now paying a dividend, and we have always known that when it comes to tech companies paying dividends; it means they don’t know what to do with their cash. Maybe there is not a big R&D component anymore.


Price:
$90.360
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2014-06-24 HOLD Stan Wong

It is his longest holding.  It is cheaper than 90% of the S&P market.  They are getting into music streaming.  The stock can continue to do well, although not a 30% grower – more like 10-15% growth.  Two new phones coming out could be a catalyst.  The iWatch should help also.  Continue to hold it until the new phones come out at least.


Price:
$90.280
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
SELECTIVE
Owned:
Yes
2014-06-18 HOLD Rick Stuchberry

It appears that it just wants to keep chugging along. Great company and good products.


Price:
$92.180
Subject:
CANADIAN LARGE & iNTERNATIONAL ADR's
Bias:
BULLISH on EMERGING MARKETS
Owned:
No
2014-06-17 BUY Christine Hughes

More of a value kind of stock and is with the Microsofts (MSFT-Q), Intels (INTC-Q), etc. Not an expensive valuation. They have been doing some financial engineering such as issuing bonds, paying dividends and buying back stocks.


Price:
$92.080
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
No
2014-06-16 COMMENT Alex Ruus

(Market Call Minute.) He is a Seller. Had a nice rebound after its troubles last year. He questions how big they can get and how long they can sustain the margins they are generating today


Price:
$92.200
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2014-06-06 BUY Don Lato

Stock is splitting on Monday, and he sees no reason to buy it today because of that. The company has tremendous potential. Just unveiled some new software that he thinks will keep people further and further into the whole of the Apple system. Have increased compatibility among their devices. There are rumours today that iWatch has started for a September release, and it is almost inevitable that we are going to see a larger iPhone 6 in September/October, which will be a boon for their Christmas sales.


Price:
$645.570
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-06-02 TOP PICK John O'Connell, CFA

Forgetting about the balance sheet strength that they have, people are focused that they have no new products. What they do is invest their time and money in trying to think of where new opportunities may be coming, but they make sure their ecosystem and software is cutting edge. That keeps people using their technology and hardware. They are able to attract good talent to develop good products. Continue to innovate and have so many different ways to be part of your daily life. Trading at 14X earnings and is probably going to grow at about 10% per year.


Price:
$628.650
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-05-30 BUY Gordon Reid

Buy more Qualcomm (QCOM-Q) or go to Apple (APPL-Q)? Diversification is always a good thing. What percentage of Qualcomm makes up your portfolio? Without that info, he prefers to give just a broad answer to the question. Apple has lots of legs, and is being driven by a few things including first and foremost, innovation. There has been a lot of talk that innovation is dead at Apple. Looking back to the time between the interaction of the iPod, the introduction of the iPhone, followed by iPad, we are really not out of sync so much. Apple is primed for a very big jump if and when they come out with a product that in any way looks like it comes close to the iPod, iPhone and the iPad. If they do, you will see organic growth in earnings and cash flow and revenues rise dramatically. What will really drive the stock is that the multiples will rise because the confidence of the investors will rise to the point that they will be willing to pay more per $ of earnings, being a P/E ratio. Right now the P/E ratio on Apple is quite muted and could rise 25%, 30%, 50%.


Price:
$633.000
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-05-29 TOP PICK Brian Acker, CA

This stock has gone nothing, but up since the announcement of the 7 for 1 stock split. By doing this stock split, the company has increased his model price by $120 billion.


Price:
$635.380
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Yes
2014-05-27 COMMENT Keith Richards

This stock has been fantastic. Formed a little bit of a base in 2013 and then broke out. Since then it has been in a very nice uptrend. Technically speaking, the stock looks fantastic. There is a lot of probability of it going to $700 again.


Price:
$625.630
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
No
2014-05-26 HOLD Hap (Robert) Sneddon FCSI

A 7 for 1 stock split takes effect quite soon. Usually these don’t have much more than a temporal affect on stocks. The one thing that is really clear on the chart is that it is going up and to the right. This is what you want to see. Relative Strength is up there at 80 and the MACD is still positive. A little bit pricey. He has seen some price targets $650-$675-$700, so we’re getting close to the ballpark. If you are late to the game, you better be a 30 day investor/day trader.


Price:
$614.130
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
OPTIMISTIC
Owned:
Unknown
2014-05-21 COMMENT Barry Schwartz

Thinks $750 is the base value of what the company is worth, excluding cash on the balance sheet. You just have to give them time. Their competition is falling by the wayside.


Price:
$606.310
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-04-30 COMMENT Gordon Reid

Announced a stock buy back, increased the dividend and did a stock split of 7 for 1 which has given people some confidence the company is going to listen to those who want them to outline a capital allocation or a philosophy/strategy that will be shareholder and stakeholder friendly. This has given the stock some confidence. What matters here are new products. We can talk about how many phones they have sold, etc. but this is not the most important thing. New innovation and its acceptance by the public is the most important thing.


Price:
$590.090
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2014-04-14 TOP PICK John O'Connell, CFA

He is excited that there are new products later this year that will move the needle.  IPhone 6, for example.  IPhone watch is going to come out.  It will be popular.  New Ipads and new Macbook.  Technology in the phone will become an important part of payment technology.


Price:
$521.680
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-04-10 TOP PICK Don Lato

Valuation is still compelling.  The big knock lately was no new products.  But with an increased R&D budget for the last several years and the greatest engineering team in the world, he believes we will see something before the end of the year.


Price:
$523.480
Subject:
NORTH AMERICAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2014-03-10 PAST TOP PICK David Baskin

(A Top Pick Feb 19/13. Up 18.21%.) This is still a tremendous franchise trading at a really low price. If you take the cash off per share, it is trading at around 9X earnings. He sees this being worth $700-$800.


Price:
$530.920
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Yes
2014-02-21 BUY Colin Stewart

It is a really hated stock.  Generates a lot of cash flow.  8 times earnings so it represents great value.  You need some innovation and new products for it to move.  It’s hard to know exactly when that is going to happen.  Thinks it will be in the next 12 to 24 months.


Price:
$525.250
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
SELECTIVE
Owned:
Unknown
2014-02-14 COMMENT Michael Simpson, CFA

There was a dip, but it recovered quite nicely. They were busy buying back shares. His issue with this company is what is their next leg. If they penetrate the Chinese market, he wants to know what kind of margin they’ll get and the type of phone they will have.


Price:
$543.990
Subject:
NORTH AMERICAN - LARGE - DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2014-02-06 COMMENT Mike S. Newton, CIM FCSI

Has been a little disappointed in the last couple of months. The issue he has is that everybody just focuses on the iPhone numbers now. They are not realizing there is a strong franchise under their very loyal clientele. They need to step it up with some advance product announcements in the near-term. Expects this will be pretty quiet for 4-5 months and you’ll collect a nice dividend.


Price:
$512.510
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
Yes
2014-01-30 DON'T BUY Darren Sissons

Not a huge fan of this company. Don’t confuse a good company with a good product. The growth of the company has been so large for such a relatively short period of time that expectations are such that this will continue. Feels there is more downside here longer-term.


Price:
$499.782
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Unknown
2014-01-29 TOP PICK Gordon Reid

Turning out a ton of cash. 30% of their market cap right now is in cash and will be 40% within 2 years. They are going to have another kick at the can with a refresh cycle with iPhone 6. Upgrades will be close to double what it was for iPhone 5. In China, with China Mobile, they have just scratched the surface. They are in 16 cities there and by the end of the year they say they are going to be in 300. With all that said, the investment in this company is in innovation. 2.44% yield.


Price:
$500.750
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-01-23 COMMENT David Burrows

Feels the numbers are possibly quite good both from the iPad side and from the iPhones. Consumer technology is behaving pretty well. This is one that you could own. It will be hard to have a huge win out of it. They have a tough act to follow and it will be hard for them to re-create the growth that they have had over time. Expects there are better spots to be invested in.


Price:
$556.180
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-01-22 BUY Brian Huen

A bigger position in his funds.  Likes the fundamentals of the company.  Lots of cash flow and continue to innovate.  He believes the company has way too much cash and it should go to dividends.  M&A has been a pretty spotty strategy for the Apple.  They are an innovation company.  If you get an apple device in people’s hands they start buying the other products.


Price:
$551.510
Subject:
MATERIALS, CONSUMERS & RISK-ARBITRAGE
Bias:
BULLISH US ECONOMY
Owned:
Yes
2014-01-21 COMMENT John O'Connell, CFA

4th quarter is becoming more cyclical for all the phone companies, so there is a good chance that the next quarter coming up could be a little bit weaker. Offsetting that will be the positive impact and the look-through as to what is going on with China Mobile and their sales. Another catalyst for this stock will be the new i-Watch they will be releasing.


Price:
$549.070
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-01-09 PAST TOP PICK David Baskin

(A Top Pick Dec 20/12. Up 5.63%.) Surprised it hadn’t done better. Still believes in the stock and that it should be trading closer to $600 a share.


Price:
$536.519
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-01-06 COMMENT Larry Berman CFA, CMT, CTA

When shares are bought back, pushed by activists, it often does not work.  Typically share buy backs are positive. 


Price:
$543.930
Subject:
TECHNICAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2014-01-02 PAST TOP PICK Gordon Reid

(A Top Pick Dec 19/12. Up 7.73%.) Thinks there are a lot of exciting things happening for 2014. The biggest and most important are new products. We need another wild product and if we get it the stock is going to do extremely well. Not only will earnings, revenues grow, but there will be a revision of the multiples upward. These are the 2 things that really drive stock prices. Carl Eichorn is pushing for a stock buyback, so capital allocation is a possible catalyst for a higher price. Also China Mobile is going to add a lot of units, which is another support under the stock.


Price:
$553.130
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-12-23 BUY Barry Schwartz

This stock could see some significant up move in 2014. China Mobile helps and there are new products that are definitely on the way in 2014. Sees improving demand for smart phones. For every phone sold, only 30% of them are smart phones globally. Valuation is cheap and you are not paying a lot for earnings. Doing all the right things.


Price:
$570.090
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-12-09 DON'T BUY Gavin Graham

(Market Call Minute) Once you get to be the biggest by market cap there is nowhere to go but down.  Won’t make you much money over the next few years.


Price:
$566.430
Subject:
GLOBAL & NORTH AMERICAN LARGE
Bias:
BULLISH
Owned:
Unknown
2013-12-05 DON'T BUY Darren Sissons

The only near-term catalyst that he sees is that China Mobile, which has billions of subscribers, is talking about launching the iPhone, which would be a big deal for the company. He is not a fan of this company.


Price:
$567.901
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
No
2013-12-03 PAST TOP PICK Gordon Reid

(A Top Pick Dec 19/12. Up 9.95%.) Have their mojo back with their existing product offering. 5S phone is doing extremely well. Has been terribly undervalued the last 2-3 years on just their existing business. Feels their existing business can take them into the $600s and maybe to an all-time high. The really exciting thing is what they come out with in 2014.


Price:
$566.322
Subject:
US LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2013-12-02 COMMENT Jim Huang

Cheap by any financial means. This is why value managers and growth managers like it. You can expect that they will do more share buybacks and more dividends. They are so big though, they need to have revolutionary products to keep the momentum going. He looks at it as the next Microsoft (MSFT-Q), maybe a steady return and a good dividend but you shouldn’t expect too high a return out of this one.


Price:
$551.230
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2013-11-28 TOP PICK Barry Schwartz

Has about 15% market share in smart phones. They make about $200 net after taxes on each cell phone. 15% on 1.7 billion phones, that is $50 billion in profits, just on smart phones. Buying back stocks. Can see them earning $90 a share 3 years from now. Yield of 2.23%.


Price:
$545.960
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-11-27 HOLD Don Lato

Thinks they are going to have a spectacular quarter this time. Have had the iPhone 5S for the whole quarter. Sales have been going tremendously well starting from the very 1st weekend. He feels this is the #1 stock in his portfolio in terms of waiting and risk/reward profile.


Price:
$545.960
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2013-11-13 BUY Gordon Reid

This is a growing pie as smart phones, through the end of the decade, are projected to grow at an annual rate of 15%, which is pretty rapid growth. There is lots of room for good quality providers. This company satisfies the high end of that group. Margins are being maintained. The big knock is that there is no innovation, but he doesn’t care about the leapfrog process. They’re going to do fine with support revenue and cash flow growth. The real innovation is new products. They have said that the latter part of this year and 2014 are going to be a time when we are going to see a lot of new products.


Price:
$520.634
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-11-07 COMMENT Paul Harris, CFA

Obviously a great company and not an expensive stock from most valuation metrics. His issue is that a lot of their margins come from the iPhone and people can be very fickle about these types of products. It will be hard for them to make massive leaps in their phones. Expect that margins will come down on iPhones. Expect you won’t see much on the stock push but will probably see more dividends and shareholder friendly stuff.


Price:
$512.492
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BULLISH
Owned:
Unknown
2013-11-01 BUY Stuart Hinshelwood

Still the premier brand that is out there as it relates to iPads and iPhones. They can continue to push that brand further. Investors are just going to have to get used to when they ramp up products, the R&D costs that go into the building out of these devices, margins are going down. Not overly expensive. Well managed company. Expects there will be continued product innovation from them, such as a watch, TV, etc. Thinks it could get close to the $600 mark.


Price:
$520.030
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
No
2013-10-28 BUY Ian Ainsworth

He had a big run and his experience is that consumer products like this take a big run and then roll over and die.  So now he feels it is an on-going battle of whether they will make the quarter or not.


Price:
$529.876
Subject:
GROWTH & TECHNOLOGY
Bias:
BULLISH on CANADIAN MARKET
Owned:
No
2013-10-28 COMMENT Gavin Graham

Cheap on statistical measures. The problem with Apple was “what have you done for me lately”. After the iPhone and the iPad, you need something enormous and game changing. Stock price chart is starting to look like a lower high and lower low. Once you get to be the biggest company in the world, you can’t keep growing like you had. It will be difficult for them to do as well as they have over the last 5 years. Turning into a value stock with a decent dividend yield and stock buybacks. Longer-term it will be difficult for them unless they come up with a new wonderful game changer.


Price:
$529.876
Subject:
GLOBAL & NORTH AMERICAN LARGE
Bias:
BULLISH
Owned:
Unknown
2013-10-24 DON'T BUY Darren Sissons

He is one of the few people that have been a bear on this stock for a long time. Over the last 3 years, the stock has effectively tripled in revenues so investors have seen a substantial run up in the shares. As a consequence, it has accumulated a ton of capital and is finally returning some of that to shareholders. He questions how you can maintain that kind of momentum. As momentum slowed, institutional investors have sold down. Feels the stock has to go lower before it is really attractive.


Price:
$531.910
Subject:
GLOBAL LARGE
Bias:
SELECTIVE
Owned:
No
2013-10-17 BUY Stan Wong

Trades at a .68 peg ratio.  They have a lot of cash on hand.  Seems they are willing to make cheaper phones.  Trying to copy what others in the world are doing. 


Price:
$504.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on US & International
Owned:
Yes
2013-10-11 HOLD John Zechner

Hasn’t added to his holdings in quite a while. Has some growth issues and margins are probably not sustainable at current levels, but it is so dominant in the industry. You look at what the tablet market is doing to the PC market and that erosion continues. Thinks it is still well-positioned.


Price:
$492.812
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-10-10 PAST TOP PICK Richard Croft

(A Top Pick Oct 29/12. 0% Return.) Bull Put Spread. Sold Feb 600 Puts @ $44 and bought Feb 550 Puts @ $22.20. These expired worthless. He was trying to take a bullish position on Apple.


Price:
$489.638
Subject:
OPTIONS & ETFs
Bias:
UNKNOWN
Owned:
No
2013-10-09 BUY Barry Schwartz

Emotions have taken over.  Disconnected from reality.  Generating 40 billion in free cash flow.  There is more value than the market is ascribing to this stock.  We could see it go back to $600.  For the next two to three years they are fine.


Price:
$486.588
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2013-09-20 DON'T BUY Jennifer Radman

All the companies in this group are dealing with consumer preferences.  She likes the whole smart phone trend.  It is tough to bet on one specific company to be the winner.  She plays it through QCOM.


Price:
$467.410
Subject:
US LARGE
Bias:
SELECTIVE
Owned:
No
2013-09-19 COMMENT Stuart Hinshelwood

Apple (AAPL-Q) versus Google (GOOG-Q)? Thinks you can own both of these. Both are good companies. This one is a battleground stock. They are still the premier player in the space but margins are going to continue to go lower over time as they continue to introduce new products. There is probably a better entry point in the $350 range.


Price:
$472.300
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
No
2013-09-13 SELL Gavin Graham

(Market Call Minute.) Reaction to the new phones is fairly disappointing. The difficulty is what to do when you are the biggest company globally. Difficult to see them coming up with any more than incremental changes. If you own, take advantage of the rebound.


Price:
$464.900
Subject:
GLOBAL & NORTH AMERICAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2013-09-11 DON'T BUY Darren Sissons

Apple (AAPL-Q) or Facebook (FB-Q)? He doesn’t like either one of these. Apple is a great company and has great products, but the stock has fallen so much that investors are selling Short. To drive the revenues higher, they have to come up with a fundamentally new product.


Price:
$467.710
Subject:
GLOBAL LARGE
Bias:
OPTIMISTIC
Owned:
No
2013-09-10 COMMENT Christine Poole

Pays a good dividend, which is sustainable because of the amount of cash that they hold. Product announcements are coming out currently and if you own, you could hold for a while. She has stepped out of the whole hardware device space because there is a lot of change going on and it is getting very competitive.


Price:
$494.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2013-09-03 DON'T BUY Norman Levine

Not a fan of this company and he would rather be in the parts as opposed to the end company. Doesn’t want to be in the handset business and that is a big part of their business. This is not the “Steve Jobs Apple” and has shown this in the last 2 years. Hasn’t shown any innovation.


Price:
$488.580
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2013-08-26 TOP PICK Don Lato

Valuation is ridiculously low in terms of a Price to Growth model. Even if you look at 10% growth, which is well below what they’ve generated in earnings growth historically, stock is trading at just over 12X this year’s earnings. If you strip out the cash it’s about 8X this year’s earnings. There has been renewed interest in the last few weeks. Company still has to produce good products which he thinks they do. The days of their innovation are not behind them.


Price:
$502.970
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2013-08-20 BUY Gordon Reid

Owned since 2006/7.  He trimmed it 7 times.  All of the issues of capital allocation policies, buy backs and refreshes of a phone are all incidental.  The real future is in innovation, things we have yet to see.  That is the thesis that puts him in Apple.  They have a good dividend policy as well as aggressive stock buybacks.  We have to see in the fall and in 2014 how they do with new products.  Great stock for your portfolio.


Price:
$501.070
Subject:
US EQUITIES
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2013-08-16 PARTIAL SELL Christine Poole

If you own, you might want to take some profits. The smart phone market is getting pretty fully penetrated, especially the high-end where this company participates. Smart phones is a product cycle driven market.


Price:
$502.330
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2013-08-14 COMMENT Michael Bowman

Thinks this business is all about new product. There is a new iPhone coming out on Sept 10. Their new iPhone was similar to the one before that. When a tech stock starts paying dividends or buying back its own shares, it tells him that that is the best thing they can do with their money. If that’s the case, then the R&D pipeline is maybe kind of bogged down. He believes the stock will be higher 6 months from now and there will probably be more new products before December.


Price:
$498.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
No
2013-08-12 COMMENT Benj Gallander

Way too high priced for him


Price:
$467.360
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
No
2013-08-07 HOLD Brian Acker, CA

He has a model price of $535 giving it a 15% upside. However, he thinks it’s going to have major resistance at $500. The balance sheet is growing very, very quickly.


Price:
$464.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2013-07-30 COMMENT Richard Croft

(Worst call ever made.) He had a $423 Put Spread which expired last January. He had said that people that had this should stay with it because he didn’t think Apple would ever see $400 again.


Price:
$453.320
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
CAUTIOUS
Owned:
Unknown
2013-07-17 BUY Hank Cunningham

Recommendation for a safe Canadian or US funded fixed income product in the technology field with a 2-3 year hold. Buy some of the Apple (AAPL-Q) bonds. Very safe credit. There is a 5-year and the 10 year that you could hold but he would buy the 10 year and hold it in the context of a portfolio. Has the best credit rating of any technology company other than Microsoft (MSFT-Q).


Price:
$430.310
Subject:
FIXED INCOME
Bias:
OPTIMISTIC on US ECONOMY
Owned:
Unknown
2013-07-17 TOP PICK Gordon Reid

This has gone from the most loved company to probably the most hated. After cash is taken out it is trading at probably 7X earnings. Has a capital allocation policy that is new over the last few months. Right now they are paying about a 3% dividend. Committed to a $60 billion buyback which probably adds 2.5%-3% to shareholder return. Has a 15% free cash flow yield. The opportunity to the upside is that they come out with a product that catches on, in which case it will be a very successful re-emergence. The downside is that it becomes a little bit like Microsoft (MSFT-Q), a sort of utility like vehicle.


Price:
$430.310
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2013-07-05 BUY Don Lato

Badly in need of a catalyst. Share price is off almost 45% from the highs. With 10X earnings, a tremendous R&D capability behind it and the Eccosystem that is going to keep their existing customers there, now is the time to be Buying. Expect there will be a big move over the next 2-3 years.


Price:
$417.420
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2013-07-03 BUY Barry Schwartz

Still buying this for new clients. He loves to buy stocks that are hated. At some point the dividend will be higher. Thinks the 2014 will be a better year for this company.


Price:
$420.800
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-07-02 DON'T BUY Lorne Steinberg

If the iPhone somehow becomes uncool, that will clobber them.  Their market share has peaked as tablets have been commodities.  Doesn’t want to bet on consumer trends.


Price:
$418.490
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2013-06-27 DON'T BUY Paul Harris, CFA

As great a company as this is, it is a gadget maker, although a very cool gadget maker. His issue is that competition has caught up from the other gadget makers. Also, when you have an iconic person like Steve Jobs running the company, mediocrity runs away. Great company, not expensive, has lots of cash but he doesn’t think innovation will continue.


Price:
$393.780
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
No
2013-06-19 COMMENT Gordon Reid

He is positive on this company. 2 things had to happen to move the stock. One was they had to get their capital allocation policy in place, which they have done and will be distributing about $100 billion by the end of 2015 through stock buybacks and dividends. The other, and more important issue, is to convince the market that they continue to be an innovator, and if they can, this is a great opportunity. They are talking about a number of new products starting in the fall of 2013 and going into 2014. A solid company and very inexpensive.


Price:
$423.000
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2013-05-16 PAST TOP PICK Stan Wong

Recommended at 571.72 now 434.58 down 22.35% They did a share purchase plan a few weeks ago, which put a floor on the recent drop in share price.  Still some catalysts, Apple TV, Iphone. Have started buying it for new clients recently. The growth won't be as big as it has been in the past.


Price:
$434.578
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2013-05-09 WATCH Jon Vialoux

Has been YOUR tech spot until last month.  It has been bottoming for some time.  He wishes it to retest previous levels.


Price:
$456.770
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2013-04-30 DON'T BUY Lorne Steinberg

Raised $17 billion in a bond issue which he thinks is absolutely insane. For a company with $100 billion plus in cash to respond to a hedge funder to do a massive share buyback, raise the dividend and borrow money makes absolutely no sense. It always worries him when companies try to raise shareholder value by doing a massive share buyback. Great company but they need to come out with a new product. Losing traction on the phone side to Samsung.


Price:
$442.780
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
BULLISH on FOREIGN
Owned:
No
2013-04-29 BUY John Wilson

Has been buying at these prices. Feels that it offers value. Challenged in terms of some of the market share dynamics going on with Samsung. However they have a pretty good moat around their business in terms of their eco system. Has a very strong brand appeal. They continue to take market share.


Price:
$430.120
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2013-04-18 DON'T BUY Jennifer Radman

Such a big part of culture.  They revolutionized how we use technology.  How do you replicate that again.  She prefers Qualcom because they have the patents on all the technology and the chipset side of the business.


Price:
$392.050
Subject:
US EQUITIES
Bias:
SELECTIVE
Owned:
No
2013-04-18 BUY Barry Schwartz

No one can argue about the value in the company. There is $140 billion in cash and it is paying a dividend. Its products are not going away. There is lack of enthusiasm right now so this is probably the time to be loading up on the stock. This is at the height of maximum pessimism.


Price:
$392.050
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2013-04-11 HOLD Gordon Reid

Although he owns this, at this point he has 2 major issues. One is capital allocation policy. They have $137 billion and they have to figure out what to do with it. Secondly, they have to overcome this wave of pessimism that is sweeping over the company. This is sort of rooted in the idea that innovation died with Steve Jobs. The market is looking for a new innovative product such as a phone, iPad, TV, etc.


Price:
$434.330
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-09 HOLD Christine Poole

(Market Call Minute.) Have a lot of cash so it is safe. She is waiting to see what the next product line is going to be.


Price:
$426.980
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2013-03-27 PAST TOP PICK Don Lato

(A Top Pick March 2/12. Down 15.62%.) Has clearly changed from a momentum stock, even though the valuation never approached dangerous levels. Feels a little bit of momentum is coming back. Earnings growth has flattened out in the last couple of quarters but doesn’t think it’s going to stay that way forever. Trading at only 10X earnings. Could see it moving into the mid-to high $500’s this year.


Price:
$452.080
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2013-03-19 BUY John Wilson

Has just started purchasing this. At these levels, the cash flow yield is over 10%. PE multiple is below 10 times. A third of its market cap is in cash. Generates about $20 billion in cash each quarter. He knows that at these levels there is a catalyst in place to have to return cash to shareholders. It could be through a much larger dividend or a very large buyback.


Price:
$454.490
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2013-03-18 WAIT Larry Berman CFA, CMT, CTA

We are not ready to get into Apple.  They made an announcement they would bump the dividend.  Sees 3-5% correction in equity markets so use that as an entry point for Apple.  One more lower low and then you can nibble.


Price:
$455.720
Subject:
N/A
Bias:
CAUTIOUS
Owned:
Unknown
2013-03-18 HOLD Peter Brieger

It has 10%-11% projected earnings growth according to some analysts. PE of 9.8%, which is ridiculous. Very cheap.


Price:
$455.720
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2013-03-12 DON'T BUY David Burrows

Sometimes stocks become so over owned that when technically they start to sell off, they become a source of funds for other types of investments. Samsung seems to really be attacking this company. Innovations have been less than exciting. To compete they are going to have to either innovate, which will impact their margins, or will have to compete on price, which will also impact their margins. (He is Short this stock.)


Price:
$428.430
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2013-03-01 DON'T BUY Hap (Robert) Sneddon FCSI

It should hold at the current level. If it breaks down through $430, it’ll probably go down a bit further, high $380’s-$390’s. If you believe in this on a long-term fundamental basis, it will have a lot of grinding through those places where people paid much more and are trying to get their money back. There are better stocks in this space.


Price:
$444.570
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
CAUTIOUS
Owned:
Unknown
2013-02-26 BUY Barry Schwartz

At this price, it is a steal of a deal. Pick up cash and is trading at 6.5X earnings. Dividend yield is attractive. Something has to be done about their cash balance and hopefully they will announce something at tomorrow’s annual meeting


Price:
$448.970
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-25 PAST TOP PICK Chyanne Fickes

(Top Pick Jul 6/12, Down 24.44% Total Return) Incredible value.  It is so cheap.  But earnings could be problematic over the next couple of quarters.  She has been selling at higher prices.


Price:
$442.800
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2013-02-21 DON'T BUY Jennifer Radman

It is pretty compelling at this point.  Valuations are pretty compelling.  Issues are size of company and they reinvented part of the tech space and now what are the next steps.  Prefers Qualcom because they make the innards of the handsets.


Price:
$446.060
Subject:
US EQUITIES
Bias:
SELECTIVE
Owned:
No
2013-02-19 TOP PICK David Baskin

As a value investor, he thinks this is going to make something over $40 this year. It has $150 a share in cash. Take off the cash and you are getting $40 of earnings for $300, which is 7X earnings for one of the great companies in the history of the world. He is assuming a major share buyback will be announced at the annual meeting as well as an increased dividend. Yield of 2.3%.


Price:
$459.990
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2013-02-15 DON'T BUY Keith Richards

Fairly predictable.  Found support in $450 area.  Trend is negative and not a lot supporting it long term.  He would not be buying it here.  He would take a look at it at $400.


Price:
$460.160
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
No
2013-02-05 HOLD Gordon Reid

Has been surprised at the magnitude of the drop in price. This was a positive high momentum company on the upside and has flipped around to a negative momentum. Fundamentally, not a lot has changed. By the end of their fiscal year, he thinks they will have about $175 a share in cash. Trading at about 5.5X ex-cash. Extremely cheap but right now the market is not carrying about fundamentals.


Price:
$457.844
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2013-02-04 COMMENT Ian Ainsworth

Now that the stock has retreated back to around $442, he is looking at this closely. Very concerned about the next couple of quarters which are going to be a little bit shaky because of margin pressure. They need a refresh of the product. Apple 5 is good but is not selling outside of North America as well as people had hoped. 75% of the profits in the industry. Has the ability to layer on the big base of new products that will rejuvenate it.


Price:
$442.316
Subject:
GROWTH & TECHNOLOGY
Bias:
UNKNOWN
Owned:
Yes
2013-01-24 DON'T BUY Hap (Robert) Sneddon FCSI

Just under 2% of outstanding shares being shorted.  This is probably incidental.  It broke a 2-year trend line.  As a bell weather there may be a changing of the guard.  It could bounce back up to the trend line and then come back real quick.  But it could take a lot of time to work through this.


Price:
$450.500
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Unknown
2013-01-23 SELL Darren Sissons

Don’t confuse a good story with a good investment. Tripled over the last 3 years and the market expected this to continue. Really a product of a fund-filled story. As Apple moved higher on earnings, mutual funds came in behind and reweighted to the index which pushed it higher and higher on supply and demand. Unfortunately, expectations have come down and funds have caused more volume to go into the market and pushed the price down further and further.


Price:
$514.005
Subject:
GLOBAL LARGE
Bias:
DEFENSIVE
Owned:
No
2013-01-22 HOLD Peter Brieger

Fourth-quarter is coming up and if it gets clobbered, he’ll want to see why. If the quarter turns out not badly, he thinks he would add to it. A long-term bull on the company. There is lots of room on the upside, especially in developing nations.


Price:
$504.770
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-01-17 TOP PICK Don Lato

(Top Pick Feb 2/12, Up, 11.92%) Has not been easy to hold the last 3 months.  Wishes he had added to it after the 30% sell off.  It got ahead of itself.  All the bad news.  We will find out what’s going on next Wednesday. 


Price:
$502.680
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2013-01-17 BUY Stan Wong

Ranks very nicely. Trading at 10X earnings with an estimated growth rate of 20% going forward. If growth rate backed down, a 15% still gives you a PEG ratio of 0.66, which is very cheap. If it goes down to 10%, the PEG is still 1.0 so anyway you cut it, this stock is very cheap.


Price:
$502.680
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 120 of 471 entries
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1 Comment

Frodo

October 23rd 2012 at 12:33am

I don't understand why the experts keep saying this is a cheap company. The stock is over $600 per share. That's not cheap!


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