Top Stock to Buy #1 – Apple (AAPL)
Despite a decline of almost 40% from its September 2012 high, Apple (NASDAQ:AAPL) is still one of the most successful technology companies on the planet. Its very substantial cash position and growth well above its peers make it a compelling value at current prices.
Analysts project continued growth for iPhones and iPads through 2015. Fundamental analysts have a mean 12-month target of over $600 for Apple.
Technically, the stock has broken above both its bearish resistance line and 50-day moving average, and so has finally broken from a six-month decline. Long-term investors should buy and hold Apple, and traders could see a quick pop to the trading gap between $505 and $556.