Two analysts have increased their 2016 EPS forecasts for this Top Pick in the past 30 days.
Apple (AAPL)
From Heartland Adviser
At the end of 2015 I was asked by the Dick Davis to choose my favorite stock for 2016. The stock I chose was Apple (AAPL).
As we approach the half way point of 2016 Apple is down about 8%. Apple presents a lesson for how to respond when a stock you buy goes down. The major issue is whether or not the fundamentals of the company have changed. In the case of Apple, it hasn’t.
Apple is still a rock solid company with a lot of cash and an astounding 45% return on equity. It is a stock that Wall Street loves to hate.
My strategy for when the stock price of an undervalued stock of a good company is to buy more and that is what I am doing with Apple. I believe it was a great stock pick at the end of 2015 and is an even better stock pick today.
While you are waiting you are getting a dividend of 2% -plus which is much better than you could get with a bond.
Russ Kaplan, Heartland Adviser, www.russkaplaninvestments.com, 402-614-1321, June 17, 2016