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The Cabot Market Letter Has Featured Apple Computer in Its Growth Stock Model Portfolio

Posted on: Friday, 13 January 2006, 09:00 CST

The Cabot Market Letter, an independent investment advisory newsletter, has featured desktop PC and technology entertainment giant Apple Computer in its growth stock Model Portfolio.

Shares of Apple rose on Tuesday and Wednesday after CEO Steve Jobs announced at MacWorld Expo in California that sales continue to grow for iPods, iTunes and desktop PCs, with the introduction of the super-fast MacBook Pro and upon news of a sooner-than-expected deal partnership with Intel.

"While many believe it could be late in the game for the stock, we believe the firm's computer and iPod sales have many strong quarters of growth ahead," wrote Cabot editor Timothy Lutts in the latest Cabot Hotline, the firm's weekly market update message.

Lutts added, "The stock just broke out of a four-week zone on Tuesday after CEO Steve Forbes said growth in the fourth quarter blew away expectations, and sales of songs, videos and iPods themselves were super hot during the holiday season."

Shares of Apple rose Wednesday $3.04, to $83.90, in Nasdaq Stock Market composite trading, raising its market value to more than $70 billion. The stock more than doubled last year and tripled in 2004.

Purchases of iPods tripled to 14 million last quarter, Jobs said Tuesday at the Macworld Expo in San Francisco. The company has sold more than 850 million songs through its iTunes service and 8 million videos since October 2005.

Cabot offers a complimentary copy of the Cabot Market Letter featuring charts, fundamental and technical analysis for all Model Portfolio recommendations to all new trial subscribers.

For details, visit, https://secure.netatlantic.com/cabot/internetspecial.html

Founded in 1970, The Cabot Heritage Corporation is an independent publisher of investment advice. Editor and publisher, Timothy W. Lutts. Neither the corporation nor its employees are compensated in any way by the companies whose stocks are recommended.

Source: Business Wire

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