Technology
Gene Munster: Apple will be the best performing FAANG stock in 2019
Published:
Last Updated:
From Loup Ventures’ 2019 Tech Predictions:
First, we believe the theme of Apple as a Service will slowly take root in 2019. Apple’s new reporting methodology will help focus investors on revenue and earnings growth, which should advance the view of Apple as a Service. This greater confidence in revenue and earnings visibility should be positive for AAPL’s multiple as well. Second, Facebook, Google, and Amazon will be facing regulatory headwinds (see prediction #4). Apple, on the other hand, has successfully prioritized consumer and data privacy as foundational to its products. Third, in 2019, anticipation will begin to build for ways to play the 5G rollout in 2020 or 2021. 5G will be the biggest new iPhone “feature” since the larger-screen iPhone 6 in 2014.
My take: Munster has been bullish on Apple for as long as I can remember.
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
