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Wednesday 29 May 2013

Stocks to watch- Apple

Apple's CEO Tim Cook said that they have several game changers in their pipeline
Apple were also acquiring companies every 60-75 days last year & picking up the pace
They already acquired 9 companies since October, putting their pile of cash to good use

Could this ignite investors' interest in Apple?
We are looking forward to The Apple Worldwide Developers Conference (WWDC) from June 10-14 2013 for more info

But pre-market price movements are showing a negative reaction & broke below $440

On the other hand, a lawsuit might make Apple stock go even lower
EU is persistently finding something new to investigate Apple

Conclusion: Apple's stock is too volatile recently, not quite safe to trade yet unless we see some positive reaction

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