Use access key #2 to skip to page content.

Groundhog Bandwagon



February 08, 2013 – Comments (0) | RELATED TICKERS: QCOM , AAPL

At Manifest Investing, we celebrate our national holiday (Groundhog Day) with a stock picking contest.  In our 7th year of the Groundhog Challenge, we like to keep tabs on the consensus favorites.  Our top 21 community favorites are listed here:

I've reiterated and reinforced my CAPS selection of Qualcomm (QCOM) and will now jump on the Apple (AAPL) bandwagon with the price down significantly over the last several months.  No debt. Excellent company. Solid execution and top-line growth bolstering and sustaining. Did I mention no debt?  In fact, David Einhorn is drooling over the lack of debt known as that pile of cash -- and urging Apple management to get a little more strategic with the loot.

With Apple's stock price down from $700 to the mid-$400s, we feel like we just might be jumping on a bandwagon approaching a downhill slope versus jumping in front of a bandwagon a few months ago when everybody was certain that "this time it's different, no way do we get another one of those price swoons in Apple stock."  (We've long counseled trailing stops for stocks like Apple when they get on one of those rolls.)

0 Comments – Post Your Own

Featured Broker Partners