Apple Inc. (AAPL) is at its ‘Max Fear Point’: Hedge Fund Manager

Page 1 of 2

Apple Inc. (NASDAQ:AAPL) is the top stock pick among the hedge funds we track; that’s no secret. Here’s a full list of the money managers who are invested in Apple Inc (NASDAQ:AAPL) at the end of last quarter. Now, what all of these investors have in common is their support of Cupertino as a shareholder, but it’s possible for different bullish opinions to surface. Let’s take a look at one hedge fund manager in particular.

Apple Inc. (NASDAQ:AAPL)

On CNBC earlier today, Eric Jackson of Ironfire Capital was discussing the stock’s recent sell-off. He had a rather behaviorist take on Apple, mentioning (emphasis added):

“Apple always oscillates between the two extremes of fear and greed, and right now I think we’re kind of hitting that max fear point, with people all worried about margins and what the future products will be. What only shatters that fear and gets people greedy again [...] is when people realize that the [...] new product portfolio [is] going to be much bigger than they expected.”

Regarding Apple Inc. (NASDAQ:AAPL)’s iPad Mini, Jackson mentions that the device’s potential is still “widely under-appreciated,” adding that “there’s an opportunity for huge growth [...] this coming year.”

What else does the hedge fund manager expect from Apple Inc. (NASDAQ:AAPL) in 2013?

Page 1 of 2

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click Here to Read Comments
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!