Down 24% from its 52-week high, Barron’s names Apple top stock for 2013

Down 24% from its 52-week high, Barron’s names Apple top stock for 2013Beaten and bruised but apparently not broken, Barron’s has named Apple (AAPL) at the top of the list among its 10 favorite stock picks moving into 2013. Apple shares closed at $ 533.25 on Friday, down more than 24% from their 52-week high of $ 705.07, achieved just ahead of Apple’s iPhone 5 launch in September. Since then, the stock has fallen off a cliff, but Barron’s says recovery is imminent in 2013. “Apple is still going strong, even as the company’s shares have traded down 23%, to around $ 540, from a September peak of $ 705,” Barron’s associate editor Andrew Bary wrote. “None of the recent investor concerns — lower margins, supply constraints, management changes, iPad competition, and the iPhone 5 map


Full Story Via Gadgets News Headlines – Yahoo! News

Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>