Out Fox The $treet

Apple closes all retail stores outside Greater China and should take a large hit to FQ2 and FQ3 sales. The company had most China stores closed for about one month. The market will increasingly look towards FY21 sales that should see a boost from delayed spending. My estimate is for a FY21 EPS boost to $17, making the $250 stock cheap at 14.7x this target. Apple  (NASDAQ: AAPL ) has seen several analysts  cut price targets  on the stock due to cuts to FY20 numbers. Regardless, the stock remains a strong investment option based on normalized numbers not impacted by the coronavirus impact on the global economy. My  investment thesis  recommends investing in stocks based on FY21 numbers that might even get a boost from sales pushed into the next fiscal year. Read the full article on Seeking Alpha.  Disclosure: Long AAPL. Please review the disclaimer page for more details. 

Apple warned on FQ2 revenues missing estimates due to coronavirus impact. Analysts remain very bullish on the company's prospects long term. The stock only trades $8 away from all-time highs. The stock isn't a buy until more realistic expectations emerge for the COVID-19 revenues impact. In no real surprise,  Apple  ( AAPL )  warned on revenue estimates  for the current quarter only about three weeks since the company provided  robust expectations  for FQ2 despite some fears on the coronavirus. My  previous research  had warned the stock wasn't appealing in the $320 range due to low yields and the virus issue in China and this warning reinforces this thesis. Read the full article on Seeking Alpha.  Disclosure: Long AAPL. Please review the disclaimer page for more details.