Today, Fool.com's Austin Smith and Chris Bledsoe look at whether Apple is a buy today after clocking an impressive 7.2% pop.
While many are left scratching their head at the outsized gain, Austin and Chris attribute it to built-up optimism and strengthening fundamentals that got swept under the rug of fiscal-cliff uncertainty. While everyone was worried about what lawmakers would do, Apple quietly slipped into "too-crazy-cheap-to-ignore" territory, and all it took was one big day to unlock the bulls.
Austin Smith and Chris Bledsoe both own shares of Apple and Google. The Motley Fool owns shares of Apple, Google, Microsoft, and Oracle. Motley Fool newsletter services recommend Apple, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.