New hit products could provide some upside for Apple but aren't needed to support the current valuation, says Morningstar's Brian Colello.
It's all aboard for CSX, among others, in the index's quarterly rebalancing.
The Fed sits still, Facebook gets ahead of itself, Apple's quarter is good enough, and more.
Apple's gross margins likely will shrink over time, but the market is underestimating the long-term potential of the iPhone, says Morningstar's Brian Colello.
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