Pull the Trigger on These 3 Big Tech Stocks

Big tech stocks no longer scare me with their volatility

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Big Tech Stocks: AAPL

AppleLogo Pull the Trigger on These 3 Big Tech StocksI’ve been concerned about Tim Cook’s stewardship of Apple, but the truth is that the company continues to make products people not only want, but love. And that’s great news for AAPL stock.

Everyone I know has an iPhone — even if Android dominates the market, there are still plenty of iOS devices out there. And I didn’t think the company could go beyond the iPad, but now we have the iPad Air. AAPL went from being the ugly stepsister to being the next “must have” product. I want to be with innovators.

AAPL has $140 billion in net cash and investments or $144 per share, giving it an effective trading price of $400. Although EPS is slated to grow 10% for the next couple of years, analysts have long-term growth at 14.3%, and AAPL stock trades on 2014 earnings at a P/E of 9.5, so it is also fairly valued.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/big-tech-stocks-aapl-amzn-goog/.

©2014 InvestorPlace Media, LLC

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