Love for Apple Still Clear
It is the also-rans earnings' supporting this market this morning. By also rans, I mean any other stock that isn't named Apple (AAPL), of course.
Boeing (BA) and Caterpillar (CAT) helped the psyche this morning, but the fact we are seeing both of these fade hard makes me skeptical the markets can stay in the green today. AAPL has set the morning battleground between $572 and $575 with slight overshoots in either direction. Although AAPL may see some more downside, I think $565 will act as support initially, with $550 being about as low as we get. I was impressed to see some analysts actually lower price targets this morning, but the love for AAPL is still clear....299 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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