Marketwatch: Apple, "Electronics Horseman," Rides On
Marketwatch: Apple, "Electronics Horseman," Rides On
by , 12:25 PM EDT, May 2nd, 2008
Leo Leydon of Financial Focus Advisory Services declared the four horsemen of consumer electronics during the holiday shopping season, according to MarketWatch on Friday. Now the race has narrowed to two, and only Apple and GameStop ride on.
Mr. Leydon christened the original four last year: Apple, RIM, GameStop and Garmin. Noting that the federal economic stimulus checks are about to go out, the analyst expects to see a spending spree, but doesn't believe those checks will help all the "horsemen" equally.
He placed Research in Motion (RIM) on hold and recommended to sell Garmin short. However, he maintained his Buy rating for Apple (AAPL) and GameStop (GME).
Apple stock is currently trading at US$179.44, down $0.56.
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.
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