Apple Inc (AAPL)

[Prudent Capitalist]

The Street and Jim Cramer still high on Apple, even at this PPS, in article/report out this morning:

Fundamentally, Apple remains cheap. Apple's mountain-sized cushion of cash is a major part of that. Even if subjected to heavy penalties to repatriate that cash, it still accounts for nearly a quarter of the firm's market capitalization. As a result, shares currently trade for an ex-cash P/E ration of just 9.9.

With Apple's share price finally showing some upward momentum, now looks like a good time to be a buyer again.....

Great stuff. Also note: AAPL has remained comfortably above the new chart support at $112.50, which is an indication that there will be a new leg up near term.