Analysts Play the Earnings Game
A shortened week will not result in a shortage of earnings reports. Apple's (AAPL) may be the most anticipated, and many analysts have been jumping in with adjustments before the report, but much of this feels influenced by the weak price action. Many analysts are lowering price targets; however, the majority of these lowered price targets are still significantly higher than the current stock price.
This feels like a hedge to me. If Apple soars, the analyst will point to his Buy rating and $650 or $700 target. If Apple falls, then the analyst will defend the stock but will point to his lowered price target as a signal of the concern he shared with investors before the earnings report....514 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.