Stock Market Alert - AAPL traded down on Thursday, losing over 6% to close the regular session at $89.07 after the company reported their Q1 earnings report. Analysts were largely positive after the report, with most raising their numbers and ratings (with the exception of JP Morgan). JP Morgan seemed to fret over Mac shipments, and also worried that IPod sales remain seasonal. Investors seemed to share these worries, sending the stock down. Or maybe, and probably more likely, investors were just taking profits after the stock’s big recent run. In my opinion, AAPL still looks great going forward.
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