Apple is set to outperform its FAANG stock competition in 2021, according to Loup Ventures' Gene Munster. In an interview with CNBC on Thursday, Munster discussed the recent big tech earnings season and lauded Apple's performance. "I have a prediction that Apple's going to be the top-performing FAANG for 2021. I'm well behind Google right now, I think they're up 30% to 40%, Apple's just up fractionally, but I continue to stand behind that," Munster said.
Main Idea: Gene Munster says Apple will be the top FAANG stock in 2021, even though Google started the year with a much bigger gain.
Key Points:
Apple’s rise could keep tech stock prices high, which may raise risk for household investors if the rally cools or if antitrust and tax worries hit markets.
Strong Apple profits and buybacks can support jobs, supplier spending, and retirement accounts if the company keeps growing.
Rate how each entity in this article affected the American people.
Named investor/analyst whose prediction about Apple’s stock is a central focus of the article.
Major comparator in the story as Apple’s key FAANG rival and benchmark for stock performance.
Parent company associated with Google; referenced implicitly through the FAANG context and Google’s performance.
Financial firm whose analyst view is cited as a counterpoint on Apple.
Apple’s CEO is mentioned in connection with the company’s strong quarterly results.
Analyst quoted reacting positively to Apple’s quarterly performance.
Analyst quoted offering a more cautious view on Apple’s stock.
Financial firm cited through analyst commentary on Apple’s earnings.
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