Google (GOOG) stock is on my watch list for my retirement accounts. Its 52-week high was in the 510 range and now it is hovering around 440–about a 14% drop. Many claim Google has nothing but upside and I see little reason that it cannot rebound and gain at least 10% in the next few months.
The problem is the stock market has been volatile lately and it had disappointing growth last earning report. Yahoo! finance stock is making an effort to catch up to GOOG stock and this could be a drag on Google as well.
Apple (AAPL) stock is currently in my retirement account portfolio. It was in the $95 range after the announcement of the iPhone. Then lost steam quickly and dropped to 85, where I purchased it. This week AAPL stock was volitile and on Thursday it was up over 4% at one time during that day. I see Apple having a lot of upside. I think it can easily get back to 95 and in the next 6 months possibly $115.
These Wall Street stocks have tremendous upside potential, but Wall Street needs to calm down from last week’s trouble in order to get a clear picture of where these two stocks, and more are going.