Apple is trading up modestly in Wednesday’s session after reporting Q3 earnings and guidance that beat consensus expectations. However, a pair of Wall Street firms remain unconvinced that Apple has much upside in the near-term. Here’s what they had to say.

Deutsche Bank

Analyst Sherri Scribner sees both positive and negative takeaways from Apple’s quarter. The bad news is that iPhone sales numbers in Q3 were “a bit of a disappointment.” However, the good news for Apple bulls is that the company’s new guidance implies iPhone unit growth in Q4. In addition, Scribner notes that Q3 gross margins were also a pleasant surprise.

Cowen & Co

At Cowen, analyst Timothy Arcuri was…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!