For shares of any company, there are only two path options namely bullish and bearish that could be taken and Apple Inc (NASDAQ:AAPL) is no exception to the rule. Given the bearish trend that the company’s shares have been following since October, 2014, investors are truly concerned as to the direction which the stock will take post holiday season. Although Apple has always been touted as being fundamentally strong and bullish in the long run, an ongoing bearish spell is all but causing jitters amongst investors.
Keeping abreast of investors’ sentiments, CNBC called on its panel analysts Dan Nathan and David Seaburg to express their personal views as to the possible future of Apple Inc (NASDAQ:AAPL)’s shares. Amongst them, Dan Nathan, FM Trader, chose to don the role of a skeptic because he felt that not only did iPhone 6 lack in terms of interest and excitement but that any new product expected to be launched is also not likely to create much of a stir.
With declining margins and the competition growing tougher by the day, it would take a mammoth drive on Apple Inc (NASDAQ:AAPL)’s behalf to reverse the downward pull and hence the stock should be regarded as being bearish. As if adding fuel to the fire, Morgan Stanley was severely penalized by SEC when a rogue trader was found to have been indulging in trading Apple’s stocks.
Flanking the opposite side of the panel was David Seaburg, an analyst with Cowen and Company, who firmly believes that the stock would soon resume its bullish phase. According to him, Apple is currently poised at a spot from where it could adopt an optimistic outlook courtesy of ipad sales, ApplePay and unlimited creativity. It just remains to be seen how the company utilizes its innovative reserve to move forward and make things click.
While both analysts are right in taking their own stand, it remains to be seen who will be validated by Apple Inc (NASDAQ:AAPL) in the days to come.
This article has been written by Vinita Basu.