Apple (AAPL) Stock Didn’t Get The Spring Forward Reaction We Were Expecting
Apple’s big day was yesterday. Multiple key figures within the company got on center stage to discuss all of the latest product upgrades and additions to the Apple (AAPL) line up. For over a week, we anticipated the event; expecting amazing things to happen and for Apple (AAPL) stocks to start soaring in value. Unfortunately, that simply wasn’t the case in the end. Because Tim Cook had already leaked everything there was to know about the Watch, we already knew what to expect. Therefore, the suspense involved in the event just wasn’t there. While stocks did edge upward during and shortly following the event; they quickly made a turn for the worst. Today, the stock was down more than $2.50 per share at noon; with a downtrend that seems like it will run throughout the rest of the day.
Outlook – While I don’t have much faith that Apple (AAPL) will end in the green today, I do have a ton of faith in the company. When it comes to a long term investment, Apple (AAPL) just seems like a great choice!
BlackBerry (BBRY) Stock Continues To Fall Following Goldman Sachs Unwarranted Downgrade
BlackBerry (BBRY) Stocks continue to follow the same trend we saw yesterday; it seems like it will be all down hill for the rest of the day yet again. The downtrend started when a Goldman Sachs analyst reduced the company’s rating and target price. In the beginning, the reports of the downgrade didn’t mention why it happened. However, throughout the day, we heard reasons that simply didn’t add up; leading me to believe that there had to be some bigger reason for the move. Nonetheless, when Goldman Sachs speaks, the sheep in the market tend to listen. We’ll see how long the downtrend lasts, but I’m sure it won’t last forever.
Speaking as a person, not a reporter – I absolutely can’t stand Goldman Sachs. While in most cases, their ratings are relatively accurate, there have been several instances in the past that make me say…”Huh…what the…why?” Heck, there’s been 2 over the past 2 weeks! Here’s 1, and here’s another! So, before you join the sheep in following the GS Gods; please people, do your research!
Outlook – Unfortunately because of the unfounded GS downgrade, I have to say that BlackBerry (BBRY) stock doesn’t look very good in the short run. So, as this slide continues and the GS Gods smile, look for the bottom for a great opportunity to get in cheap.
Qihoo 360 Technology (QIHU) Stock Struggles For Gains Even After Positive Earnings
Qihoo 360 Technology (QIHU) produced a pretty impressive earning report. The report showed $0.75 EPS; which is higher than analysts predicted. While after hours trading gave the stock a bit of a boost last night, as soon as the market opened today, the stock seemed to slide. I’m not quite sure why the slide is happening, but I would assume it has something to do with why the entire tech space seems to be on a downtrend today. If you know what’s going on, please share it with us in the comments below!
Outlook – After producing a positive ER Qihoo 360 Technology (QIHU) has proven that they can produce earnings; the number 1 thing investors care about. So, in the long run, I’m a bull on this one, but I’ll be doing more research to see why the bears seem to be taking over today.
Bitauto (BITA) Stocks Struggle To Maintain Upward Momentum
Following an incredibly strong earning report from Bitauto (BITA), the company’s stock started soaring last week; up 4.50%. However, it seems as though investors think that the stock grew too much too fast as it continues to fall today following a two day downtrend.
Outlook – The Bitauto (BITA) ER proved that they are a strong company with the ability and room to grow. This is another great option for those looking to go long.
Twitter (TWTR) Stock Struggles As The Bears Don’t Want To Let Go
While JPMorgan Chase believes that Twitter (TWTR) stock has plenty of room to grow, investors don’t seem to be singing the same tune. Since February 26th, Twitter (TWTR) has been experiencing a bit of turbulence in the market that seems to have caused it’s stock to take a dive.
Outlook – I’m not too sure about Twitter (TWTR). While the company is definitely capable of producing a profit, investors seem to think that the social network has reached a plateau. I’ll be keeping an eye on this one for a while to see where it goes, but I definitely wouldn’t suggest buying right now!
What Do You Think?
Where do you think the stocks mentioned here are going? Let us know in the comments below!