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MARKET TALK: Even Apple Isn't Immune To Case

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Cakeman28   Monday, 04/09/12 09:29:32 AM
Re: AlanC post# 87957
Post # of 142587 
MARKET TALK: Even Apple Isn't Immune To Case Of The Mondays
7:25a ET April 9, 2012 (Dow Jones) MARKET TALK: Even Apple Isn't Immune To Case Of The Mondays
7:25 (Dow Jones) As if things weren't bad enough. First Spain, then the jobs report. Now, even Apple (AAPL) is getting dinged. BTIG cuts shares of the maker of magical and revolutionary products to neutral from buy, even as it expects another "blow-out" quarter from the company. Firm cites squeezed margins in post-paid wireless industry, potential need for a price cut on the iPhone, and "the elevated expectation that the company will deliver another revolutionary product into the market." The firm isn't the only one that doesn't rate AAPL a buy, but it is one of only a few in that group. (paul.vigna@dowjones.com)
Call us at (212) 416-3100 or email patrick.sullivan@dowjones.com
(END) Dow Jones Newswires
04-09-12 0725ET
Copyright (c) 2012

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