Minyanville contributor Sean Udall dares to share the kind of keen insight and actionable information you won't find in any prospectus. For more original thought, visit www.minyanville.com.
Goldman Sachs removed Apple Inc. (NASDAQ: AAPL) from its conviction buy list. I've jested in the past that this list tends to have little conviction itself. At any rate, I'm still in a holding pattern on AAPL as it moves closer to levels that I really find attractive -- $125 and lower.
Though the stock made a nice turn off lows, AAPL appears to be assessing whether the Dell (NASDAQ: DELL) news will have a material spillover effect. Some of DELL's weakness is due to AAPL so we will have to see how much macro driven issues affect AAPL's peak season growth. Piper noted that AAPL is in need of a Mac refresh -- this is true and is in the works.
Meanwhile, T-Mobile (NYSE: DT) has announced it will start selling Google (NASDAQ: GOOG) Android-based phones. Time will tell if this hits the iPhone's growth, but I don't suspect it will.
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