Zacks Rank, a service that ranks stocks by revising earnings estimates, has rated Appleis stock a #1 strong buy. Stocks ranked #1 by Zacks have produced an average annual gain of 33% since inception in 1988. Over the same period, the S&P 500 returned an average of 12%. Over the bear-market years of 2000 through 2002, the Zacks #1 Ranked stocks gained 44% versus the S&P 500is 38% drop.
In a statement, Zacks explained the rankings, saying Apple computer beat consensus estimates by 50% in the fourth quarter and made gains in important segments of its product line.
If you are interested in Appleis stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Appleis financial dealings.