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Google (GOOG +0.5%) has passed Apple (AAPL +0.3%) as the biggest holding among the top 50...
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Thursday, March 7, 12:08 PM ETGoogle (GOOG +0.5%) has passed Apple (AAPL +0.3%) as the biggest holding among the top 50 actively-managed U.S. mutual funds, according to a Citi report. Google is also now the top holding among hedge funds - a slew of major hedge funds either pared back or fully unwound their Apple positions in Q4. After backing out net cash/investments, Google now trades at 15.5x 2013E EPS, and Apple at just 6.3x FY13E EPS.
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This news story has 18 comments:
Netfilx PE is gazillion times..
Waltmart's PE is higher.
Pretty soon all banks' PE will be higher.
it will pull an AAPL and fall eventually as funds jump off the hypewagon one by one.
Cook introduced two great selling new products- the ipad mini and the iphone 5. Both are well made, work perfectly and are gorgeous. They carry on the aapl tradition and they are best in breed. I have not found one tablet or one phone that works as well as the ipad and iphone or provides as much joy to the user.
Cook is a capable guy and the people at aapl like him. If Cook were to leave, how long do you think J. Ives would stay. Cook, Jobs and Ives were a team. If Cook leaves, I fear Ives would be gone shortly thereafter. Steve Job idolized Ives and Ives is the closet thing to Steve Jobs on the planet today. The Cook and Ives team will continue to dream up market dominating products that define their segment.
Do you really believe that we would have any different products from aapl right now if Jobs were alive? Look how long it took him to release the iphone and ipad.
Many more great products will come from aapl. In the interim, what other company has the stable of amazing products as aapl does.
I can only think of one other product recently released that has amazed me as the iphone and ipad have. That product is the Microsoft Surface Pro. It has the beauty, magnificent design and high end build quality as my iPad with the power and speed of my computer. For the first time, I traveled over the weekend without two computing devices. I usually have to take my iPad and my laptop. This time, I took only my Surface Pro. It is a truly incredible device like no other with very fast execution times and a stunning display. It works seamlessly with my desktop. It is also smooth enough to lay on the couch with and surf or watch a movie.
With respect to google, they have invented nothing. Page and Brin copied their search idea from Mr. Li ( Baidu). They stole from aapl. They bought android. They bought the company called"earth" that had mapped the earth. Self driving technology has been around since 1977 and if it ever comes to fruition in a big way, I highly doubt it will be due to google. 97 % of their revenue still comes from good old fashioned low tech ad sales.
The fall in aapl has ONLY to with the powerful traders (hedge funds) figuring out that they could not run aapl up any more and they bailed out of it and switched into goog. Thats it, thats the entire reason. Sorry to disappoint you.
Those of you calling for the booting of Tim Cook better hope that you don't get what you wish for. If so, say goodbye to Ives and then say goodbye to aapl. BTW, Ives already said being CEO is not for him.
Instead of trying to fire a guy who is the heir apparent to Jobs and a guy who is doing a great job, why aren't you calling for the heads of the hedge funds that collusively ran aapl up to 705, then liquidated, went short and cratered aapl to 419.
You are very mistakenly equating aapl's stock price to Cook.
We all better hope that C & I (Cook & Ives) stay togehter for a long long long long .....time.
Sounds familiar?
The Golden Bough explains the ancient ritual of the old King being killed by the new King, who then eventually becomes the old King, etc. etc. I have to be philosophical about all of this given my AAPL exposure :)
Yesterday I closed most of my 2015 Leap $850 GOOG calls with a profit of over 250%. Thank you for running Google up in such a short time.
Google may very well continue to go up, but at current levels Apple presents a unique opportunity. Again, the easy, inexpensive and safe play is buying $700-850 2015 Leap calls. When the stock bounces, and trust me, it will, you will make a killing without taking much risk.
Can you hold a Google the wrong way? And then, of course, sue in a class action lawsuit for compensation.....
i started shorting aapl last year at this time in the 5's and stopped too early in the 6's and then covered too early to boot in nov12; i started shorting goog in the 8's here and will probably stop in the 9's; maybe i get a little closer to being right this time
i also shorted nflx and cmg too early and then covered too early; so maybe i'm a contrarian indicator who just cannot quite get it right!
http://cnet.co/Z5BtHU
CNET News Apple Apple and Google take divergent paths on Wall ...
Apple and Google take divergent paths on Wall Street
Last year, Apple was heading for a $1,000 stock price. Now it's Google, as the two tech giants battle to win the hearts and minds of users on the go and in the cloud.
by Dan Farber March 7, 2013 11:16 AM PST
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