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What did Gene Munster predict for Apple in 2013?
“Near-term, we feel good about iPhone. Longer-term in 2013 we think there are going to be several catalysts, so the combination of those get us comfortable,” Munster said Wednesday on CNBC’s Fast Money.
Our 20-page proprietary analysis of Apple’s stock is ready. Click here to get your Cheat Sheet report now.
Although Apple investors have been concerned over the stock’s recent performance, the Piper Jaffray analyst cited three catalysts that he believes will help Apple meet or exceed expectations in 2013: the possibility of an increased dividend in April, the company’s exposure to China Mobile’s (NYSE:CHL) 500 million subscribers, and Apple TV.
CHEAT SHEET Analysis: Is Munster’s analysis a positive catalyst for Apple’s stock?
One of the core components of our CHEAT SHEET Investing Framework focuses on catalysts that will move a company’s stock. Munster sees a clear upside in Apple, and believes that the company still has room to grow. While Citi downgraded the company’s shares earlier in the week on the basis of iPhone overproduction, which the firm’s analysts took as a warning sign of diminishing demand, Munster noted that the company has room to grow.
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