At $141.15, the shares of Action Alerts PLUS charity portfolio holding Apple are now at an all-time high, as Wall Street speculates what pieces of plastic the tech king will unveil next. On Tuesday, Apple unveiled a new, faster iteration of its 9.7-inch iPad, and a special edition (it's colored red) of the iPhone 7 and iPhone 7 Plus.
Let the bullishness continue.
"We think the next iteration of the flagship iPhone will be a complete redesign (the first since the iPhone 6 in 2014) and will drive an iPhone supercycle that could match or even surpass unit sales/growth during the iPhone 6 cycle (this will depend on supply more than demand)," wrote RBC Capital Markets analyst Amit Daryanani. With glowing comments such as that from Excel spreadsheet lovers, how can one not only stay long Apple, but look to add to the position every single day? "Supercycle" just sounds as if Apple could add $10 per share in earnings from the iPhone 8 within a month of it being on the U.S. market only. Kidding, but you get the point.
Factor in a possible big-time dividend hike when it reports earnings in late April, and Apple is just an unstoppable beast at the moment. But -- as Steve Jobs often said -- but wait, there is more. How can you possibly dump Apple's shares today, in light of Warren Buffett quadrupling his investment in Apple in the fourth quarter? Judging by Apple's stock movement, Buffett isn't dumping the stock -- which is very bullish. Hell, you can't sell the stock until Trump enacts his tax holiday, either.
Apple holds more than $246 billion in cash overseas. Some of that repatriated cash could be used for sweeter dividends, stock buybacks and an epic bid for Netflix (NFLX) and Tesla TSLA (we can dream, right?).
So yes, Apple remains the perfect investment. Only 35% until Apple's market cap hits $1 trillion. Forget Dow 20,000 -- that would be the 2017 story of the year.
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Two mobility companies have some impressive product development plans: BMW (BMWYY) said Tuesday that it will launch 40 new or revised models globally by the end of 2018, promising to kick itself into high gear after falling behind rival Mercedes last year. The company will also produce a new super-sized SUV dubbed the X7 that will likely compete with Ford's (F) upcoming Navigator redesign. Any time you get detailed vision into product pipelines, especially from a company that is hungry for improvement such as BMW, it's a cause to re-examine the stock for a possible buy. The same could be said for Harley-Davidson (HOG) .
The legendary bike maker's CEO told me in February (see video below) it has 50 new bikes in development for release over the next five years. That's stunning. Since that disclosure, Harley's shares have tacked on another 9% (sales have also reportedly picked up due to the warm winter and a visit to the White House by Harley executives).
Sorry Arianna, you are wrong about Uber's Kalanick: Uber board member Arianna Huffington told CNN that embattled CEO Travis Kalanick must "absolutely not" step down. She said that sexism was not a "systemic problem" at Uber and that Kalanick was the "heart and soul" of the business. Huffington is playing a key role in an internal investigation into Uber's workplace culture.
While Huffington certainly knows more than us about what's going on with Uber, the reality is that Kalanick has overseen an increasing list of failures at the company, as TheStreet reported. The example has to be set from the top, especially when you are a startup that allegedly has a valuation of more than $68 billion. Kalanick should step into an executive chairman role, get treatment for whatever is bothering him and a heavy dose of leadership training, and then return to the CEO post at a later day.
Expect Walmart (WMT) to remain an aggressive acquirer of e-commerce companies: One of the biggest stories in retail over the past six months isn't necessarily that Sears (SHLD) , J.C. Penney (JCP) and other bricks and mortar retailers are slowly dying, it's that Walmart has turned into an acquisition monster as it tries to fight back Amazon (AMZN) . Those acquisitions, mostly in the e-commerce space as TheStreet ran down, are giving Walmart access to people and businesses it didn't have before. And the acquisition hunt looks set to continue for the world's largest retailer.
"We're seeing what these acquisitions have done for the business," Walmart's head of e-commerce Marc Lore, the founder of Jet.com, told Recode Monday evening. "It's definitely a nice surge, so we will continue to do it." Target (TGT) has to pick up its game on this front and start to find some useful e-commerce assets to digest.
Keep this in mind when Nike reports earnings after the close: There is no reason why Nike (NKE) shouldn't blow away earnings estimates when it announces results after the closing bell on Tuesday. All signs during the quarter point to Nike gaining back lost market share in basketball sneakers and overall, capitalizing on Under Armour's (UA) struggles. But while the quarter should be good, so should the earnings call. Nike has jump-started its innovation pipeline as evidenced by several recent shoe releases, TheStreet reported.