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Google Inc (GOOGL), Apple Inc. (AAPL) & Alibaba Group Holding Ltd (BABA): Julian Robertson’s Top Picks

Tiger Management is one of the top hedge funds founded by billionaire investor, Julian Robertson. Robertson has a lot of holdings in the tech sector. In an interview on Fox Business, Robertson discussed his views on global economy and tech stocks like Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL) and Alibaba Group Holding Ltd (NYSE:BABA).

Julian Robertson

Robertson expressed his views on the global economy backdrop. He mentioned that European and Chinese economy is in serious trouble. He feels that Japanese economy has revived a bit, but at the cost of a lot of questionable events. He thinks that US economy is better that any other economy in the world right now. He added that United States has been a beneficiary of all the economy issues around the world.

In 2014, Robertson bought Alibaba Group Holding Ltd (NYSE:BABA) and eBay Inc (NASDAQ:EBAY) stock, which turned out to be a smart move.

“Actually, I have been very fortunate, I had an associate who  was working with me, forced me to buying Alibaba four years ago and it has been a real bonanza,” Robertson said about Alibaba Group Holding Ltd (NYSE:BABA).

He said that there has been a tremendous transformation that happened in the technology stock these days. He feels that back in 70’s to 90’s the tech stocks used to sell at 3-4 times their current earnings. But he pointed out that Apple Inc. (NASDAQ:AAPL) is below the market multiple. He said that a company like Apple Inc. (NASDAQ:AAPL) with all that cash in hand is still selling below the market multiple, which he think as a tremendous transformation in the tech industry.

Robertson mentioned that it is true with Google Inc (NASDAQ:GOOGL) too. He feels that Google Inc (NASDAQ:GOOGL) is selling about the market multiple. He said that to get such terrific tech stocks in hand, people used to pay at least 30 times earnings in 90’s.

Robertson said that he bought Apple Inc. (NASDAQ:AAPL) stock with in the last two weeks. He feels that Apple is an extremely reasonably priced stock. He said that Google Inc (NASDAQ:GOOGL) is probably the premier technology company and has a great future.

“[…] I had been very hesitant after reading the Jobs book, because I felt that his sort of attitude towards his partners and towards his employees was not conducive to really build a great company. But, the new leader seems to have it all and he was given a great company by Jobs and so I think Tim Cook is the man for the job and I think they have got a nice, open way for some time to come,” Robertson said about Apple Inc. (NASDAQ:AAPL).

Disclosure: None

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