Why Apple Inc. (AAPL) Is Carl Icahn Favorite Stock?

Apple Inc. (NASDAQ:AAPL) could finally be finding its way in the market having surged by the highest margins this year just days after dropping below the $108 mark. The surge in the market came as Activist Investor, Carl Icahn, told CNBC that the stock remains a no-brainer having already increased stakes in the company.

Carl Icahn - Icahn Capital Lp

Concerns had been raised after the Apple’s stock plummeted in the market despite reporting strong sales data for the holiday season last year. Icahn believes Apple Inc. (NASDAQ:AAPL) will continue to dominate the smartphone landscape as the company continues to operate as a monopoly with minimal competition.

“Apple is my favorite stock we did well with it, and I think Tim Cook is doing great job. […] It doesn’t mean it is not going to go down, but I do think it is a no-brainer because. I do think it is better than when we talked about it,” said Mr. Icahn.

Icahn affirms that iPhone 6 has done more than enough in positioning Apple Inc. (NASDAQ:AAPL) as a strong buy. The activist investor hopes the release of the iWatch will also have considerable impact in giving the stock the much-needed energy to surge even further. Wall Street remains skeptical about the potential of iWatch especially in commanding strong demand as experienced by iPhone 6.

Apple Inc. (NASDAQ:AAPL) will be looking to make new gains this year at the back of ongoing strong demand for iPhone 6  as well as the expected expansion of iPads into the enterprise.

“You are in a company that is in the greatest growth industry in the world with part of an oligopoly if not a monopoly. […]  Just think in the industry they are in, it is extremely difficult to compete with them. They can continue to take more market share as they are a great ecosystem,” said Mr. Icahn

Apple Inc. (NASDAQ:AAPL) will be reporting its earnings at the end of the month waiting to see if  that will provide the much-needed energy to propel the stock even higher in the market.

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