November 20, 2012
The Nasdaq (INDEX: ^IXIC ) jumped up nearly 2.2% today, and there were several winners from the big uptick. Apple (Nasdaq: AAPL ) shares were up 7.2% today, and with them, Apple supplier Cirrus Logic (Nasdaq: CRUS ) , which had taken a hit recently as Apple share prices fell. Another winner from the day's rally was NVIDIA (Nasdaq: NVDA ) , which didn't see quite the jump as Apple or Cirrus but still closed up 2.8%.
Senior technology analyst Eric Bleeker notes that today offered a sneak peak at the volatility investors could be looking at throughout the tail end of the year as fiscal cliff negotiations begin. He cautions investors not to look too much into any one-day gains, as we're moving into an environment driven less by the underlying stocks, and more by the twists and turns in the political realm.
To see his full thoughts, watch the following video.
There is absolutely no argument that Apple is at the center of technology's largest revolution ever, and that longtime shareholders have been handsomely rewarded with more than 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. Eric will fill you in on both reasons to buy and reasons to sell Apple, and what opportunities are left for the company (and more importantly, your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.