Monday, October 22, 2012

Now Street sweet on Apple

With Apple expected to unveil an iPad mini tablet today, Wall Street is once again getting excited about the tech titan, according to the NY Post.  Shares of the Cupertino, Calif., company, which has dipped 13 percent in the month ended last Friday, shot up 4 percent yesterday after analysts said the sell-off created a ripe buying opportunity.

“The best time to buy Apple’s stock is amid periods of supply-centric concerns, and this time is no different,” Bill Shope of Goldman Sachs wrote in a note to clients.

Apple had lost more than $80 billion in value in the past month, since the company’s last major product launch, the iPhone 5.  The spike yesterday put Apple shares at $634.03….

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