Apple Inc. (NASDAQ:AAPL) stock clocked another record high in the market raising questions as to how much of a room is still available to the upside or whether it is time to take in some profits. The stock did see some sell off in yesterday’s trading session. CNBC’s, Pete Najarian, who is long on the stock, remains confident that iPhone 6 will continue to push the stock even higher as demand remains strong.
Apple Pay is another product that is expected to act as a catalyst going forward as more merchants continue accepting the payment system. It also remains to be seen the kind of impact Apple Watch will have on the stock upon unveiling.
“It just seems everybody wants a piece of it a lot of people are out there talking of about the idea that not enough is already invested in Apple Inc. (NASDAQ:AAPL), believe it or not.[…] A lot of guys have actually taken some off when you look at some of this Q4 either trimmed or took it off I know Taper is one of them. […] From a valuation perspective from a cash perspective we all know that story it has been extremely strong,” said Mr. Najarian.
A hefty cash balance $178 billion makes Apple Inc. (NASDAQ:AAPL) an exciting stock for any investor as a dividend offer could be in the offing as early April amidst increased investor pressure for unlocking of value. The steady run in the recent weeks according Karen Finerman remains a point of concern as the stock remains a valuation story as with the removal of the cash the stock becomes extremely cheap.
Apple Inc. (NASDAQ:AAPL) is turning out to be a stock worth holding rather than trading sentiments first aired by Jim Cramer and seconded by Finerman who believes it is the is the best of plays at the moment. Guy Adami believes that Apple Pay along with iPhone 6 sales could be another major catalyst that should propel the stock even higher going forward.
Brian Kelly, on the other hand, is maintaining a cautious approach on Apple as when compared to other top 5 holdings in the NASDAQ 500. It is the only that has rallied with a big percentage while the others have remained flat. The rally is already raising concerns whether it could amount to a bubble that could burst anytime soon.
“When you talk about the catalyst its capital return, its watch those are in April people we’ve got a long time here. So this stock has just melted here. […] It is a long time when you think about how much market capital it has gained over a such period of time think about the sales increase are expected to be this year over next year from 2014-2017 we are talking about $20-25 billion. The stock has already gained ten times that,” said Mr. Kelly.
I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.