It's Not Too Late to Buy Apple -- But You've Got to Hurry Up

 

BALTIMORE (Stockpickr) -- It's been a banner year for Apple (AAPL) . In the trailing 12 months, the world's biggest tech name has rallied more than 42%, taking on an additional $200 billion in market value over that stretch.

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Just for comparison, that's more than Intel's (INTC) entire market capitalization today.

On the heels of a major product announcement on Tuesday, plenty of Apple investors are understandably wondering if now's the time to take gains. Can Apple sustain a move higher? The short answer is yes.

Watch the video below for a look at Apple's newest products:


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It may be hard to believe, but Apple is still cheap right now, and there's still time to buy -- for now.

For the last year, Apple has been the biggest bargain stock hidden in plain sight. Ironically, it's a stock that became so big that it sported the type of deep-value price tag that you normally see in small-cap stocks that don't have enough analyst coverage. Despite the fact that Apple is probably the most closely covered stock on Wall Street -- or may be because of it -- very few investors thought that this stock was mispriced.

Before we get any further, I want to make one thing clear: This isn't some "unbiased" article about Apple. I'm no journalist. In my day job, I'm an investment professional. I pick stocks, and I've recently built a position in Apple. So yes, I'm talking my book right now. But that doesn't make what I'm about to say any less true.

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