BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Apple was recently a darling on Wall Street, surging past $200 on the glow of iPhones and a growing market share. Since then, shares have dropped on a number of concerns, and a recent hurricane battering Wall Street has not spared AAPL. On Friday, shares entered a roller-coaster following a Steve Jobs heart attack rumor, eventually dipping below $100 to a yearly low of $97.07.
That is a tough landing for those buying at the wrong time. But is this the magical moment for those looking for a smart snatch? Opinions vary on this one, though analysts have been souring, and contributing to the sell-off. That includes Kathryn Huberty of Morgan Stanley, who downgraded the stock from $178 to $115 on global demand concerns; and Mike Abramsky of RBC Capital, who dialed down estimates to $140 from $200 following a survey that showed soft consumer intent on new Macs.
But bullish voices remain, including Piper Jaffray's Gene Munster, who blamed recent sell-offs on bearish analyst sentiment, not company fundamentals or realistic forecasts. Munster was somewhat critical of Huberty and Abramsky, and maintains a year-2009 price target of $250. That sounds almost outlandish given the current drizzle on Wall Street and Main Street, though Munster has been an accurate bull in the past.
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