Cantor's White calls Apple, Splunk, Tableau, Juniper his top 2014 picks


Cantor's Brian White, who once placed an $1,111 PT on Apple (AAPL -1.2%) and has provided volumes of bullish commentary on the company over the years, has named it his top 2014 large-cap pick.

White declares Apple's valuation (just 9x his calendar 2014 EPS estimate exc. cash) "remains depressed," and predicts "new product innovations" will help it return to growth after posting its first EPS declines in a decade. He also expects Apple, which opposes Carl Icahn's buyback proposal but says it's still weighing cash-return options, to return more cash to shareholders in 2014.

White has respectively named machine data analytics software vendor Splunk (SPLK +4.7%) and analytics/data visualization software firm Tableau (DATA) his top IT software and emerging tech picks. Both fast-growing/richly-valued names are expected to benefit from big data-related momentum.

Juniper (JNPR +0.2%) is named White's top contrarian pick. He likes the networking/security hardware vendor's valuation (11.3x his 2014 EPS estimate exc. cash), improving cost structure, and new product launches, and the potential for "shareholder-enhancing activities." Juniper doesn't currently pay a dividend, and has nearly $3B in net cash/investments to finance new buybacks.

Previous: Wells Fargo downgrades Apple, cites margin concerns

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Comments (8)
  • doc47
    , contributor
    Comments (1671) | Send Message
     
    Why should anyone pay attention to a guy who has ben proven wrong on tech analysis? A dart board is cheaper!
    2 Jan 2014, 11:40 AM Reply Like
  • Jack Baker
    , contributor
    Comments (1284) | Send Message
     
    Yes, but somehow this "analyst" from Wells Fargo brings Apple down in today's trading. What will he be saying when Apple crushes earnings in 3 weeks?
    2 Jan 2014, 11:40 AM Reply Like
  • ispank
    , contributor
    Comments (1113) | Send Message
     
    The Wells Fargo ana-list is retarded, Apple got strong momentum over Christmas selling with iPhone, iPad and China Mobil are great catalyst for the next earnings reports.
    2 Jan 2014, 12:06 PM Reply Like
  • rubbles88
    , contributor
    Comments (15) | Send Message
     
    LOL. You guys should know better listening to these analysts. Cantor's analyst probably wants to push AAPL stock up so they could unload their position which they bought at higher prices. The WFC analyst probably wanted to buy at lower prices so the downgrade should help them.
    2 Jan 2014, 12:09 PM Reply Like
  • Rappenco
    , contributor
    Comments (695) | Send Message
     
    Priceless;
    One expert says the exact opposite of another expert!
    Sure makes this investing thin interesting.
    2 Jan 2014, 12:48 PM Reply Like
  • Vitalogy80
    , contributor
    Comments (32) | Send Message
     
    So it'd be better if everyone agreed with each other? When has that ever been good? In investing or anything else
    2 Jan 2014, 03:35 PM Reply Like
  • lkain
    , contributor
    Comments (11) | Send Message
     
    How could I grant credibility on ANY pronouncement by someone "who once placed an $1,111 PT on Apple"? Really??
    2 Jan 2014, 02:06 PM Reply Like
  • kimboslice
    , contributor
    Comments (1772) | Send Message
     
    Apple shares will be worth $1000 someday, but I don't know if I will still be alive then.

     

    I don't care what a random guy from Wells Fargo says for sure.

     

    Apple dividends are paying me back for the money I spent buying their shares in the first place, why should I worry?

     

    Merry Christmas and happy New Year.
    2 Jan 2014, 03:05 PM Reply Like
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