I bought Apple (AAPL) this afternoon since I am underweight technology in the portfolio. This is a blue-chip stock that is 40% off of its previous highs, trades at only 10 times earnings, and just closed above the 50 (significant). Blackberry, a re-emerging competitor, also happens to be struggling (it got an analyst downgrade for poor debut sales of its latest phone, can’t hurt). We are buying Apple to fill our tech spot in the portfolio, for its 137 billion in cash- that’s more than the country of Cyprus, valuation (it’s dirt cheap), catalysts (technical strength on the chart and various new product launches like the iphone 4S), and for its leading innovation in the smart phone industry.
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Past Featured Picks
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Portfolio Surpasses $200,000 From Post-Covid InvestmentsMarch 1, 2021
Liking Facebook’s Stock ($FB)July 12, 2014
Buying Copper & Gold Giant ($FCX)July 6, 2014
Target Nails Bullseye ($TGT)June 26, 2014
Buying Cheniere Energy ($LNG)June 4, 2014
Apple Wants Beats Audio ($AAPL)May 28, 2014
Buying Calls On 3-D Systems ($DDD)May 27, 2014- Really Liking Facebook Shares ($FB)May 25, 2014
