|[Message] Wall Street Excited About Apple
by Bryan Chaffin
Wall Street is positively excited about Apple after yesterday's earnings report for the company's fiscal 1st quarter. We are expecting several upgrades of Apple's stock during the next week or so as they digest the results in their entirety.
We have already reported that Apple was trading sharply higher in after hours trading at Island, but the buzz continues this morning. CNBC, CNN, and CNNfn, all have stories about Apple this morning, and there are more stories on the Internet than you can shake a stick at. Reuters, TheStreet, C-Net, ON24, AP, Upside Today, CBS Marketwatch, and of course all of the great Mac sites on the web, all have stories on Apple, and they are all favorable. If you can find a negative story on Apple's results, please let me know. As of this writing, we have links to 8 stories on Apple's financial results, and 5 stories on Steve Jobs's compensation package at MacOS News Around The Web. We will be adding more throughout the day.
Our own analysis by Wes George will be posted later this morning. All indicators say that Apple's stock should get a boost out of this excitement, though only the trading session will really be able to answer that.
We commented yesterday how most of the Wall Street analysts participating in yesterday's question and answer session with Apple's CFO, Fred Anderson, were all congratulating for such a stellar quarter. There is just such a different attitude towards Apple from the financial world in general. It's truly amazing.
It's a good time to own Apple's stock too.