Monday, September 19, 2011

Forget Gold and T-bills, Apple May Be the New Safe Haven

As indexes and stocks slumped again today to red numbers, Apple continues to surge.
AAPL has surged on an has reached its highest stock price ever of over $410.
How has Apple done it? keeping their stock growing while the rest of the market is going up and down?
"They own the tablet market, they own the phone market, And they've got all the cash." says Pete Najarian. A Fast Money trader at CNBC.
Apple looks as a sort of safe haven as other stocks plunge and indexes record red number, apple keeps flourishing.... What might happen when apple hits the TV market? $500 per share?
I think its possible, and so does JP Morgan, who currently has a price target at $500 for the stock. 
Apple                                                                    S& P

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