Tuesday, September 11, 2007

Buy Recommendation: Apple (APPL)

Although Apple (APPL) has been extremely volatile since late July, I believe that the "Halo Effect" from the iPhone and iPod will continue to drive Mac sales, and Apple earnings, higher for the foreseeable future. Additionally, a fresh new batch of iPods, and the newly lowered iPhone pricing coupled with a sweet AT&T (T) contract, give Apple the fuel it needs break through its previous high and run to $165 by the holidays.

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