YTD Performance: +72%
What’s not to like about Apple (NASDAQ:AAPL)? The tech stalwart has blown the doors off again thanks to its surging iPad tablet sales and the anticipation over the iPhone 5.
That anticipation appears to be well-founded, since iPhone 5 preorders sold out in an hour and 2 million of the gadgets were sold in the first 24 hours to set a new record.
Apple has a lot more going for it, too — the iPad’s dominance of the tablet space, its crucial role in digital media like movies and music via the iTunes store, and a powerful brand that has kept margins big even as consumer spending remains relatively weak.
And with a P/E of around 13 right now and its first-ever dividend instated this year, there are reasons to expect Apple will hang tough through the end of the year and into 2013.