| Apple Does it Again, and Again, and Again -- 4/23/2008 |
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What did they do again other than beat the heck out of the street? They gave conservative guidance. Every quarter Apple beats the street's results, and then gives a conservative estimate. We are perfectly comfortable because iMacs, iPhones, and iPods are flying off the shelfs. In addition, Apple has that 3G iPhone on the way, along with a couple of surprises you can count on. Coffee a leading indicator?
An expensive StarBucks coffee is certainly a luxury that consumers will cut out the frequency in times of pain such as when it costs $75 to $100 to fill up their vehicle. This will be more than apparant in the Starbucks results, as they gave a profit warning and the stock fell more than 12% in after-hours trading. Not to worry, as soon as things turn around, people will start buying their coffee again. We are watching this one closely for a possible entry point. Not yet though. Get The Limit Order for $6.65/month with a 3 month membership. The Limit Order stock picks continue to outperform the market, Register for free and check it out. |
