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S&P Reiterates Strong Buy Opinion on Apple (AAPL)

S&P reiterates Strong Buy opinion on shares of Apple (AAPL) . AAPL announces the passing of Steve Jobs, its visionary and legendary co-founder and former CEO and Chairman. In August, he stepped down as CEO, concluding he could not sufficiently meet the rigors of the role, due to unfortunate health issues. One could argue that Jobs was the most celebrated innovator and businessperson of our time, and his loss to AAPL is immeasurable. Nonetheless, we think he created a company and culture that will continue to innovate and succeed, with countless executives and employees who will carry on. We think AAPL was largely prepared for this loss.

Apple closed yesterday at $377.37.  The November 2011 Call Option is selling for $13.55 at market close.

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