Apple Inc. (AAPL), Microsoft Corporation (MSFT), Amazon.com, Inc. (AMZN) Among Ken Fisher’s Top Tech Bets

Page 1 of 2

FISHER ASSET MANAGEMENTKen Fisher is one of the longest running columnists at Forbes – over 26 years – and is also a billionaire fund manager. Fisher founded Fisher Investment Management in 1979 and uses a global, top-down, dynamic asset allocation strategy. In looking at Fisher’s most recent quarterly 13F filing – which reveals the majority of the public securities owned by the firm – we have identified a key underlying theme: he has an affinity for tech stocks (check out all of Ken Fisher’s latest bets here).

Fisher’s top tech stock is Cisco Systems, Inc. (NASDAQ:CSCO), which is his 5th largest 13F holding. Cisco is expected to see improvement in the U.S. and Asia on new products, including expansion into cloud software. Despite its hopeful market growth in the Far East, Cisco plans to use acquisitions as a key growth avenue, including a recent $6 million investment into a venture capital fund.

Although Cisco’s overall expected growth is less than stellar, it remains one of the better value plays with a $6 billion software business that is expected to grow by 100% over the next three years. Cisco trades at only 13x earnings, below other top tech companies like Oracle (16x) and SAP (22x). Cisco also trades at only 9.5x forward earnings, one of the lowest multiples amongst Fisher’s five tech stocks. Billionaire and founder of Renaissance Technologies Jim Simons is another top fund owner of Cisco after taking a new position last quarter (see Jim Simons’ top picks).

Apple Inc. (NASDAQ:AAPL) made up Fisher’s 10th largest 13F holding after his firm increased their stake almost 1,000% last quarter. Despite market saturation concerns, Apple is still expected to continue its industry leading sales growth. Revenues should be up 25% in fiscal year 2013 following a robust holiday season that includes new iPhone and iPad products. Margins are also expected to expand as iPhones and iPads continue to grow their scale, and production becomes more efficient.

Apple has robust cash flow generating capabilities, having built up over $45 billion in cash that can easily fund its 2% dividend yield or key acquisitions. Compared to Fisher’s other tech stocks and other tech hardware companies, Apple Inc. (NASDAQ:AAPL) is one of the cheapest in the business. The tech giant trades at only 9x forward earnings and has one of the best long-term expected EPS growth rates (21%). This puts Apple’s PEG ratio at 0.5, making it a deep value-oriented investment opportunity.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!