Quote:
Originally Posted by wizwor
Personally, I think Apple was buried last year.
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Apple is so large and successful that analysts are excluding it from their research because it is obscuring what is happening to the rest of the market.
http://appadvice.com/appnn/2012/02/t...et-about-apple
Quote:
The news comes in a report from The Wall Street Journal, which notes:
Earlier this month, Jonathan Golub, the chief U.S. equity strategy at UBS AG, caused a stir among his clients by publishing two versions of his regular quarterly earnings update: one for the companies that make up the S&P 500, and another for what he calls “S&P 500 ex-Apple.”
Similar moves have also been made by Morgan Stanley, Goldman Sachs, Barclays Capital and Wells Fargo recently.
The report continues:
The results are striking: For all the companies in the Standard & Poor’s 500-stock index, earnings are on track to post a 6.6% year-on-year rise in the fourth quarter. Once Apple’s earnings are factored out, the expected fourth-quarter gain shrivels to just 2.8%, according to UBS.
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Buried in dollar, dollar bills, y'all.