Apple Is Amongst This $3 Billion Fund’s Top Picks

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Apple Inc (NASDAQ:AAPL) is perched amongst Senators top holdings as well; the fund recently shed 15,000 of their 200,000 shares going into Q3 2012. Investors are beginning to wonder if Apple’s luster is losing its shine, as they recently cut production in supplies for some of their products. Further competition from more technologically-advanced smartphones such as the Samsung Galaxy Note II and recently announced Galaxy S4 has put the heat on in Apple’s cellular division. While holiday sales may boost Apple’s bottomline for their upcoming earnings announcement, be careful for the near-term falling knife if they miss.

Charter Communications (NASDAQ:CHTR) rounds out the last of Senator’s top picks. The broadband and cable communication services provider endured a rough 2012, missing all four earnings estimates, sometimes by more than double. Investors took these missteps in stride, still carrying the stock to a respectable positive gain. Analysts are looking past CHTR’s earnings fumbles and still advocating buys, with a one year mean price target set near $83.30, around 5.7% from current levels. We would rather hold on for positive earnings, hoping that some of their recent agreements (i.e. with Disney) will bring them into the black.

Disclosure: I do not own shares of any stocks mentioned in this article.

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