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  • Apple Tapped as 2013's Top Tech Pick by Top Analyst


    Despite AAPL now trailing its all-time high price by nearly $160, Apple will recover from its current levels and gain traction as 2013 progresses. That expectation is leading some Wall Street watchers to call Apple the top tech pick for 2013.

    According to prominent analyst Brian White of Topeka Capital Markets, Apple is definitely one to watch for the year ahead. Blaming recent stock dips on tax-related matters and general market malaise, White is among a growing list of analysts who expect big things from AAPL in 2013.

    “We believe tax-related selling was largely to blame for the downward bias in the stock price as we exited 2012 and this created a negative news cycle around Apple that we believe will be broken as we enter 2013."
    "We believe there is still plenty to look forward to at Apple, including the potential for greater choices (i.e., colors, sizes) around the next iPhone in 2013, combined with accelerating momentum with the iPad mini and continued strength with the iPad franchise at large," White wrote on Wednesday.

    White, however, is quick to temper his overall optimism for the entire tech sector.

    "For 2013," he says, "we are taking a similar approach to our tech universe, avoiding the more cyclical tech names for the most part and focusing on companies best positioned to benefit from key secular tech trends that we believe are in place this year."

    Source: BGR
    This article was originally published in forum thread: Apple Tapped as 2013's Top Tech Pick by Top Analyst started by Michael Essany View original post
    Comments 1 Comment
    1. Mrteacup's Avatar
      Mrteacup -
      Yep, apple has NOT gone down but it wont go past its previous climax it will go back up however