The Fast Money traders may have been split between Apple Inc. (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB) in the Fast Money Madness Tournament but the iPhone maker got the edge it needed to win the competition because votes cast by viewers on through tweets.
Guy Adami, Steve Grasso, Brian Kelly and Tim Seymour were tied between Apple Inc. (NASDAQ:AAPL) and Facebook during the finals of the tournament as each company both got two points. Melissa Lee revealed, however, that viewers of CNBC’s Fast Money broke the tie through Twitter.
“The desk was split with [Seymour] and Grasso picking Apple [and Kelly and Adami] picking Facebook. It all comes down to the Twitter vote and based on the vote at home, the winner of Fast Money Madness 2015 is Apple,” Lee said.
Kelly clarified that he thinks there is not a disproportionate amount of people on Twitter who like Apple Inc. (NASDAQ:AAPL) more than Facebook so the competition was still fair. He also said that it is not that he dislikes the consumer electronics giant, but he just thought that the competition had a better shot at winning the championship.
Nonetheless, Kelly admitted that there are still a lot of people on Twitter who would go to great lengths to show their love for the iPhone maker. He joked that if he made a bad comment about the company, he expects his Twitter feed to be on fire.
Adami, for his explanation, said that he still thinks Apple Inc. (NASDAQ:AAPL) is a long-term investment and not a stock to trade. He said that if the Fast Money Madness tournament was a seven-game series, he would pick Apple as it is a long-term play. However, he said that Facebook looked like it had a better shot at the crown because it has great performance. He said he would still go with the world’s largest social network if he was given a choice in a one-game championship.
Read more on the Fast Money traders’ reasons for their picks in our earlier coverage of the tournament.
Ken Fisher’s Fisher Asset Management owned about 10.76 million Apple Inc. (NASDAQ:AAPL) shares by the end of last year.
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.