Apple Shares Have Near and Long-Term Catalysts For Investors
Stephanie Link and Jill Malandrino review the reasons why Apple stock has performed well and stayed above the $600 level since the company reported earnings back in April.
TheStreet’s Action Alerts PLUS co-portfolio managers Jim Cramer and Stephanie Link say it seems as if the market grind, no volatility and anemic volume will never come to an end, leaving traders and portfolio managers at a loss for good entry points for short- and long-term plays. But there are still solid plays that have quietly outperformed this range-bound market. Apple is one of them. Stephanie Link and Jill Malandrino review the reasons why the stock has performed well since reporting earnings back in April. Apple continues to touch 52-week highs and is solidly above the key $600 level. Even though Apple has held up well, it is still down just over 10% from its all-time high and the longer-term story looks attractive.
