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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: HerbVic who wrote (192201)	7/25/2016 3:45:16 PM
From: Moonray	Read Replies (1) \| Respond to of 213181

Cowen's Arcuri Argues Apple (AAPL) Stock Not a 'Sell' on CNBC NEW YORK ( TheStreet) -- Cowen's Timothy Arcuri responded to BGC Partners "sell" rating on Apple ( AAPL) stock with a more optimistic outlook on CNBC's "Power Lunch" on Monday. BGC downgraded the tech giant's stock to "sell" from "hold" earlier today on the expectation that the iPhone 7, to be released in September, will not sell as well as many investors have predicted. "Look, I think that the upgrade rate for the iPhone 7 is going to be the lowest of any model before. (That estimate) is not new," Arcuri stated. However, he points to a growing install base as the reason. "The install base today is 13% bigger than it was last year so even if you had flat units, or down a bit, year over year, the upgrade rate will be a lot lower than it was last year because the base is just that much bigger," Arcuri explained. More at: thestreet.com o~~~ O