What did I tell you?! AAPL is a pretty good investment and the Earnings reported last night was just phenomenal. $3.06 per share versus the median estimate of $2.59 blowing past by 46cents! Well I wish I can say I was cool, calm, and collected but after the big dip yesterday and all the “scary” articles about lofty expectations, US dollar affecting revenue of American companies I was in defense mode myself! I did however plan for that upside risk so the Covered Call I did still allowed some tidy profit and I will take more positions as the opportunity presents itself ! (Today could be a huge gain, already pre-market value is up 6%)
Anyway, just a side note, Netflix (NFLX) marched upward for the 7th straight session, so methinks AAPL is going to defy gravity for the next few days. Compare that NFLX has a PE of 105 compare that with AAPL’s 14.70 — I should tell you that’s super cheap compare it to the “normal” valuation of 18.
And…. and… and… you can read on about AAPL’s earnings in the news here…
And not to be missed,,,, Apple Watch which has all these fitness features is shipping out in April, be sure to take a bite at AAPL at the next correction!
http://www.bloomberg.com/news/articles/2015-01-27/apple-watch-will-ship-in-april
