September 11, 2013
Click HERE to Download a FREE Sample of the ValuEngine ViewNewsletter VALUATION WATCH: Our models find that overvaluation is at levelstypically seen when market pullbacks occur. Overvalued stocks assigneda valuation now make up almost 78% of our universe and 44% of thestocks assigned a valuation are calculated to be overvalued by 20% or more. 15 of 16 sectors are calculated to be overvalued--14 of them bydouble digits.
--Apple Announces New iPhone Models, ValuEngine Still Rates Stock aHold
Apple Inc. (AAPL) is engaged in designing, manufacturing and marketingmobile communication and media devices, personal computers, and portable digitalmusic players. The Company's products and services include iPhone, iPad, Mac, iPod,Apple TV, a portfolio of consumer and professional software applications, the iOS andMac OS X operating systems, iCloud, and a range of accessory, service and supportofferings. It sells its products worldwide through its online stores, its retail stores, itsdirect sales force, third-party wholesalers, and resellers. Apple Inc. is headquartered inCupertino, California.Apple held another one of their product announcement conferencesyesterday. Fanboys rejoiced at the news of two new iPhone models, the iPhone 5sand iPhone 5c. As is typical, the new models feature better processors, battery life,and some cosmetic changes. Probably the most notable news from the latestproduct announcement is that the iPhone 5c is NOT the "cheap iPhone" many tech