Would a large screen iPhone 6 make Apple a buy?

“In this case, I think size matters,” says Cortes on CNBC’s Street Signs’ Talking Numbers segment. “Apple has its own version of the ‘Rocky’ movie franchise; there are so many sequels now. But, I think that the iPhone 6 will be the most significant because of the size issue.”

Outside of a potentially larger-screened iPhone – and though he believes Apple’s rapid growth days are behind it – Cortes thinks the company’s financials are a reason to own the company’s shares.

“It is still a cash-generating machine,” says Cortes. “You only pay 11 times next year’s earnings and you get the kicker of a dividend yield of 2.3%. So, I am a big fan of Apple.”

However, John Kosar, Director of Research of Asbury Research, is not as optimistic for the time being.

“I’m not so sure I want to jump into the pool right now,” says Kosar. “The stock is overbought on a monthly basis.”

Kosar is paying attention to the stock’s 200-day moving average, currently at $502.

“My inclination is to wait a few weeks. Wait for a pullback towards $500 – you have some major support there around $502 – and then watch for that stock to get a little traction again and then enter. I think larger picture, we take a run at those highs at $583 to $595.”

“I’m not so sure I want to jump into the pool right now,” says Kosar. “The stock is overbought on a monthly basis. My inclination is to wait a few weeks. Wait for a pullback towards $500 – you have some major support there around $502 – and then watch for that stock to get a little traction again and then enter. I think larger picture, we take a run at those highs at $583 to $595.”

Editor’s Note: AAPL immediately declined by $26 per share or 5% into its 200-day moving average by April 15th, which by that time had risen to $511 per share, after which the stock has exploded higher by $88 per share or 17% into today’s (April 30th) $599 high — exactly as John had forecast.

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