First up is Apple (AAPL - Get Report), a name that's been serving up some market-beating performance in the last few months. In the trailing six months, shares of the technology giant are up more than 15%. And there's good reason for investors to expect more of the same for the next six months.
Apple owns some of the most popular consumer electronic devices on the market today. The firm's physical offerings range from its iPhone and iPad to the Macintosh line of computers. But Apple is also one of the largest sellers of digital content through its iTunes store, a venture that makes Apple the biggest music and video store on the planet. Despite hugely competitive markets for smartphones and tablets, AAPL claims the leading market share of the industry's profits, a fact that gives the firm a deep moat.
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Those huge profits have added up to an equally deep war chest for Apple over the last several years. Today, the firm boasts approximately $134 billion in net cash and investments, a cushion that covers approximately 25% of the firm's current market capitalization. Ex-cash, Apple's P/E ratio currently stands at just 10.5, a paltry valuation for the most profitable firm in the business.
This Rocket Stock has more room to run in 2014.