Top 5 Trading Ideas Of The Week
Among the trading ideas this week, there were five that stood out:
1. Apple Inc (NASDAQ: AAPL) is more of a luxury stock than a tech stock, and should be viewed as such, said Kristin Bentz, President at Talented Blonde, LLC. His opinion piece, titled 50 Shades of Meh., mentioned that the Apple Watch looks "pedestrian" and that the $10,000 price point for the gold version reflects "no unique selling proposition for the consumer."
2. Shares of Intel Corp (NASDAQ: INTC) plummeted 4 percent to $30.91 in Thursday's session, with investors reacting to a reduced guidance for 1Q. The company lowered its first quarter sales outlook to $12.5-$13.1 billion from $13.2-$14.2 billion on account of the strong US dollar and a weak economy in Europe.
3. Apple shares climbed $1.72 to $123.96 in Thursday's session. There is "formidable resistance" at the $129.50 level, a price point at which the stock got to multiple times earlier in March, said Joel Elconin, the co-host of Benzinga's PreMarket Prep. The stock traded at $129.57 on Monday, the day on which Apple hosted its special event.
4. Shares of Alibaba Group Holding Ltd (NASDAQ: BABA) dipped 2.7 percent to $82.05, after the shake-up in C-Suite, in which the company dismissed Yilei Wang, chairman of the Tmall and Juhuasuan platforms.
5. Apple Inc investors need to see the "wow" factor in Apple Watch. "If they're able to deliver the ‘wow' factor, the stock is going much higher," Sarhan Capital Founder and CEO Adam Sarhan said. The company is in a "unique situation, because watches in general have lost their status of a functional item that tells time," Sarhan explained.
Latest Ratings for AAPL
|Oct 2016||Goldman Sachs||Maintains||Buy|
|Oct 2016||Credit Suisse||Maintains||Outperform|
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