Market Overview

Creative Global's Carlo Besenius Remains An Apple Bear

Share:
Related AAPL
7 Brands Banking On 'House Of Cards' And Netflix This Weekend
A Technician's Perspective On Apple's Record Valuation
Net Neutrality Battle Pitted Industry Vs. Industry (Seeking Alpha)

Carlo Besenius of Creative Global is a notable Apple (NASDAQ: AAPL) bear who released some bearish comments ahead of Wednesday's second quarter earnings, and remains an Apple bear post-earnings.

Besenius is “fundamentally sticking with the original views, namely that Apple's product innovation had reached its zenith at the original “sell” recommendation time period, October 2012, and implicitly a bit further down in the time line, the inherent pricing power will succumb too.”

Over the next three to four months, “the onerous will be on AAPL's management to demonstrate more skills than financial engineering, and deliver once again product innovation at a price proposition that makes sense for old customers to return,” said the analyst.

Besenius plans to reiterate his bearish stance on Apple as long as the stock "does not move significantly above $580….as this will confirm that today's market buyers are not long term convinced buyers, but rather momentum ‘piggy backers.'"

Shares of Apple are up over eight percent to $568.91. The stock opened at $568.21, quickly traded down to $560.70, and are is currently in a tight range.

Latest Ratings for AAPL

DateFirmActionFromTo
Feb 2015Stifel NicolausMaintainsBuy
Feb 2015Stifel NicolausMaintainsBuy
Feb 2015Goldman SachsMaintains

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Carlo Besenius Creative GlobalAnalyst Color Analyst Ratings Movers Tech

 

Related Articles (AAPL)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→