By Carly Forster
Practicing daily exercises is very important in maintaining ones physical health.
Apple In The News
Apple, Inc. (NASDAQ:AAPL) is a Cupertino, California based multinational corporation that designs, develops, and sells consumer electronics, computer software, and personal computers. Some of the most known Apple Inc. products are the iPhone, iPad, MacBook, and iPod. There is a rumor going around that Apple is currently working on developing a new smart watch called iWatch, due to be released in October in this year. Many professional athletes (like Kobe Bryant from the Los Angeles Lakers) have been invited to test the new Apple iWatch, specifically for the health and fitness features on the device. Correspondingly, it is being assumed that because the iWatch has a partial focus on fitness, it will likely be a part of Apple’s HealthKit initiative. Apple’s HealthKit initiative is meant to collect and analyze health and fitness information from various sources.
A Financial Experts Opinion
On June 20, Seeking Alpha blogger Jeff Williams believed that now is an excellent BUYing opportunity for Apple, Inc. (NASDAQ:AAPL). He reasoned that with the announcement of the Apple iWatch’s release date, the company has penetrated the wearable’s market, thus creating massive opportunities for developers. He went on to explain that these opportunities anticipate sales growth and earnings. This was Williams’s first time recommending Apple.
Williams has written about a variety of stocks across many different sectors such as Baker Hughes Incorporated (NYSE:BHI) and Duke Energy Corp (NYSE:DUK), earning him a +6.1% average return on all stocks and a 67% success rate in making recommendations.
On April 27 of this year, Williams recommended Baker Hughes as a long term candidate for one’s portfolio. Williams compared Baker Hughes Incorporated (NYSE:BHI) to competitors Halliburton and Schlumberger and called them the “best bang for your buck,” given that they were trading at a considerably lower valuation. Since then, Baker Hughes has gone up from $69.53 to $74.63, earning Williams a +28.5% average return on the stock.
In addition to this recommendation, on March 10 of this year Williams spoke positively about Duke Energy Corp (NYSE:DUK). He noted that if the predictions for expansion increase and/or if the company was able to edit their payout estimates above 70%, then this would have a telling result on the dividend payout. Since then, Duke Energy Corp has gone up from $67.16 to $72.32, earning Williams a +8.9% average return on the stock.
However, Williams has not always been so successful with his financial advice. On February 21 of this year, he believed retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY) would remain bullish despite the significant decrease in its share price. Williams acknowledged that the company was going to have “bumps in the road,” but he believed this “presented a significant opportunity for investors.” Since then, Bed Bath and Beyond has decreased from $65.96 to $60.07, causing Williams to lose a -8.9% average return on the stock.
Conclusion
Will you be able to trust Williams on his latest recommendations based on his past performance history?
To view all of Jeff Williams’ recommendation history, visit TipRanks today.
Carly Forster writes about stock market news. She can be reached at [email protected]
