This story was originally published here.
Apple (NASDAQ:AAPL), the largest U.S. company by market capitalization, continues to impress, but following a 67.66% gain through the first 11-plus months of this year, AAPL stock could be in for a more modest showing in 2021.
That doesn’t mean investors should eschew the iPhone maker in the new year. It’s more about adjusting expectations for a company with market capitalization of $2.082 trillion and a stock that’s tripled (on a split-adjusted basis) in two years. As of Nov. 26, when Apple was up “just” 60% this year, the stock represented 86.7 points, or 21.4%, of the S&P 500’s year-to-date gain. That’s 450 basis points ahead of Amazon(NASDAQ:AMZN), the next biggest driver of the index’s 2020 upside.
Looking toward next year, AAPL stock has an immediate potential catalyst in the form of its fiscal first-quarter earnings report. Given that the fiscal fourth-quarter numbers were delivered in October, the next report should arrive in late January or early February. This will be the first full report accounting for holiday shopping and the recently launched 5G iPhones.
Guidance wasn’t offered because Apple is resisting doing so this year due to the novel coronavirus pandemic, but CEO Tim Cook indicated revenue should climb in the December quarter, helped by the aforementioned 5G iPhone debut.
Story continues here.
Quiet Bull Market Erupting in One Tiny Sector
While it's getting very little attention in the mainstream press…
Empire Financial Research founder Whitney Tilson, says “a frenzy is erupting in one small corner of the stock market.” And Tilson believes the returns in this space are only going to escalate from here.
While most investors are focused on big technology names like Apple, Facebook, and Microsoft, Tilson and his team have been strongly recommending a very different type of technology company in 2020.
And the performance of companies in this space has been stunning…
- An Ohio company working on this technology soared roughly 500% in two months.
- A California company considered the leader in this space is up more than 370% since the start of this year.
- A New York company entering this space shot up 71% in just two days.
- And a Phoenix company working on this breakthrough recently shot up 104% in a single day, while another company in the exact same industry just shot up 46% in one day.
As Tilson – a former hedge fund manager who's twice appeared on 60 Minutes to break big financial stories – says…
“The best thing you can do as an investor is position yourself in front of a massive, inevitable, and booming trend… and that's what we're looking at right here.”
That's why he and his research team have put together a full analysis, which explains everything you need to know about this skyrocketing tech sector, including the stock name and ticker symbol of their favorite stock pick in this space.
You can access their recent analysis, including the charts, photos, and videos that accompany it, on the Empire Financial Research website, totally free of charge, right here.
No subscription, credit card, or e-mail address required. Click here to access Tilson's full analysis and #1 stock pick.