As most whom follow the markets know, Technology has been a bright spot this year.
Many whom saw their 401k shrink by as much as 40% as the economy plummeted in late 2008, know very well, Apple has been a leader of the pack. Some have jokingly teased if Apple's recent run-up in it's stock price has been due to Steve Jobs taking a leave of absence. Like many, I believe this CEO left the company in a good position and put the right management in place, which is why Apple's Stock price has ticked up as much as 74% between 3/9 and 6/1 (See Graph). Many Analysts have 4 and 5 star ratings on the stock, and show ratings of "Buy". See today's Apple Yahoo Finance ratings.
"Will this stock continue to get stronger?"
Nothing is ever certain, but some are predicting Apple could reach $200/share. This may seem a rather bold bet? Nevertheless, with the markets most likely due for another correction and Steve Jobs returning to the reign soon, this may be a good stock play.
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