Apple®, has been having rough days early this year. Not anymore. The improvement in Apple’s stock coincides with a warmup in the housing market.
New-home sales had declined 4.2 percent over the past 12 months. They are up now, having increased by 6.4% in April 2014, to a seasonally adjusted annual rate of 433,000, according to the US Department of Commerce.
While the housing market is improving, some real estate investment have started to show up in AroniSmartInvest™ portfolio of promising stocks. Among them is Simon Property Group (NYSE: SPG)., a self-administered and self-managed real estate investment trust (REIT).
Now back to Apple®. Apple Inc (NYSE: AAPL) does not need introduction. What is new is what happened to its stock since Winter. Over the Winter, Apple’s stock price flattened at or below $550. However, since April, the stock has taken off, rising from $524.75 on April 23, 2104 to $614.13 on May 23, 2014, or an increase of $89.38 or 17%, in just one month.
What prompted the increase?
Several reasons are advanced by several financial analysts. But it may be the combination of all the factors that have fueled the growth of the stock, making it one of the hottest, if not the hottest tech, stock. These factors include: iPhone 5s A7 processor’s advanced 64-bit architecture, the iWatch, the move from Gorilla glass to sapphire, and a huge chest of cash.
AroniSmartInvest™ has picked several technology stocks that have been following a similar trend. Not surprisingly, stocks across the board, especially in healthcare, media, travel, and agriculture have been showing up in the models.
AroniSmartInvest™ will focus on each area in days to come.
©2014 AroniSoft, LLC.
Apple and Housing: Hot Tech Stock As Housing Warms Up
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