Expert financial blogger say that Apples share price being driven by Jim Cramer and the iPhone

Expert financial blogger say that Apples share price being driven by Jim Cramer and the iPhone

Apple shares have been on a massive upswing over the past few months and showing no sign of slowing down. After several consecutive quarters of good results, an increased market share and consumer excitement about their new iPhone product; Apple is inching closer to an all-time record stock price and a market cap in the neighborhood of 90 billion dollars.

So what, specifically, is driving apple shares? Widely-read financial blog Ant and Sons, observes in their latest post that Apple's recent gains has a lot to do with analysts undervaluing the effect that the iPhone could have on Apple's bottom line. “The rally has really ratcheted up in recent weeks, not because Apple and tech experts believe the iPhone will be a phenomenal product that consumers will embrace, but because Wall Street was previously downplaying iPhone success and analysts were conservative on its impact on Apple earnings.”

Ant and Sons also reports that several leading analysts have increased their target price on Apple shares to $160 per share. This includes one analyst, working for Piper Jaffray, who expects market share to grow to be “7% of the U.S. mobile phone market and 2.8% of the world's handset market in a few years.”

However, a number of key industry bloggers believe that the rush on Apple shares has more to do with television sets than market share.

24/7 Wall Street, a leading business blog, observes that one of Jim Cramer's latest broadcasts might be fueling the increased demand. Cramer's latest diatribe involves his new concept of the “Four Horsemen of Tech” meaning the four key stocks (Google, Amazon, Research-in-Motion, and Apple) that he thinks will drive the high-tech sector for some time to come. The post declares that “These are all the names you'll want to buy as the end of summer gets here and the techs start running. Cramer said you aren't necessarily supposed to buy them all here.”

Eric Savitz, in his latest post at Barron's Tech Trader Daily, is also speculating that the so-called “Cramer Effect” is being felt with Apple shares. Savitz wrote, “In truth, I'm not entirely sure what's going on here. But here's what I do know. Jim Cramer apparently recommended the stock on CNBC today.”

Admittedly, Savitz also offers his input on some of the rumors circulating around the iPhone release. “There are also various and sundry tidbits on the iPhone leaking out, including a report that AT&T has told retail employees not to take vacation time from June 15 to July 15.”

Expert financial bloggers exist in every business category. There is a wealth of information available in blogs and if you are looking for a diverse range of facts and opinion on topics ranging from e-business to base metal, you can find everything you are looking for at Inveslogic.

About InvesLogic



InvesLogic is something new. It's the first company to organize expert financial and business blogs worth reading into a new form of market intelligence different from anything being provided by the mainstream investment media. We're focused on providing the most valuable and timely market and business insight available in blogs today. Not just information about a specific stock or company but expert opinion and commentary about the insiders, sectors, trends, industries, and commodities a company is involved in. For more information, please visit Inveslogic.com