Merrill Lynch's note crossed CNBC's desk while the show was on the air.
Read More Team Squawk Box digests a rare Apple downgrade (video)
Seems paradoxical, but it might make sense.
Read More Merrill Lynch downgrades Apple from Buy to Neutral, raises target $50 to $470
The momentum from Thursday's earnings report ran through Tuesday's close.
Read More Apple at $438.66: Third all-time high in as many days
Premarket: Markets are green, Apple is red
6 years ago
6 years agoFrom Investors Business Daily's "After Stock Market Rally, Square Earnings Are Double Surprise" posted early Wednesday: Dow Jones futures rose modestly early Wednesday, along with S&P…
Apple's fundamentals haven't changed that much from $1 trillion to $2 trillion, so why has its multiple doubled?
Read More Josh Brown: Why Apple's multiple is approaching 'abject silliness' (video)
He wasn't the clown he played at Apple keynotes.
Read More Phil Schiller, who ran Apple's worldwide marketing for 30+ years, steps down
From "Worldwide tablet PC market surges by 26% in Q2 2020" posted Monday: The top five tablet vendors all benefited from the surge in demand to…
Read More Canalys: Apple's tablet sales topped 14 million last quarter, twice Samsung's
Premarket: Apple is red
6 years ago
6 years agoApple is due for a breather.
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