Apple Stock Heading Higher!

03Mar11

Hedge fund managers trust that Apple can climb even further. The iPad and iPhone maker is the stock found most often among hedge funds’ top 10 holdings, according to a review by Goldman Sachs.

Investors may want to pay attention. Stocks favored by hedge funds ususally do better than the overall market. Each quarter, Goldman Sachs looks at the 50 stocks that appear most often in the hedge funds’ top 10 holdings lists. This qroup’s quarterly returns has beaten the S&P 500 index two-thirds of the time, going back the last ten years.

Sloy, Dahl & Holst has been extremely bullish on Apple stock the better part of the last four years. In 2010, we forecasted Apple stock would close above $300.00 a share. We are now forecasting the end of 2011, Apple stock will be $400.00 a share or more.

Apple is one of the top ten holdings in 79 of the largest hedge funds.

Learn more about Ron Sloy.

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