Apple (AAPL) has been one of the best performing stocks of the last several years, and has also become one of the most widely followed companies ever. The stock has been climbing sharply higher, recently piercing through the $600 level–a feat that just a few years ago would have seemed impossible. Given the red hot performance, most professional money managers feel as if they have to own AAPL stock–despite some concerns about the current valuation and a potential pullback in share value. Despite the company’s impressive resurrection and status as a leading tech innovator, there are reasons to be a bit nervous about the stock as currently priced [see Seven Reasons To Hate Gold As An Investment]. Brett Arends at SmartMoney and Frank Byrt at TheStreet recently put out a couple interesting articles outlining why it might be time to take gains in Apple (or stay on the sidelines if [...] Click here to read the original article on ETFdb.com. Related Posts: Beyond SPY: Nine Alternatives To S&P 500 ETFs Friday’s ETF To Watch: QQQ In Focus As Apple Launches iPad How An Apple (AAPL) Dividend Would Impact ETFs The Truth About Alternative Weighting Methodologies (And ETFs) Tuesday’s ETF To Watch: QQQ Fund (QQQ) Amid Apple Earnings
Apple (AAPL) has been one of the best performing stocks of the last several years, and has also become one of the most widely followed companies ever. The stock has been climbing sharply higher, recently piercing through the $600 level–a feat that just a few years ago would have seemed impossible. Given the red hot performance, most professional money managers feel as if they have to own AAPL stock–despite some concerns about the current valuation and a potential pullback in share value. Despite the company’s impressive resurrection and status as a leading tech innovator, there are reasons to be a bit nervous about the stock as currently priced [see Seven Reasons To Hate Gold As An Investment]. Brett Arends at SmartMoney and Frank Byrt at TheStreet recently put out a couple interesting articles outlining why it might be time to take gains in Apple (or stay on the sidelines if [...]
Click here to read the original article on ETFdb.com.
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