What I am about to write will be wildly unpopular amongst Apple’s cult following, but remains relevant nonetheless. It will be controversial and, to some fan boys, unbearable. However, this is the opinion of an investor, not a consumer (although I do own two MacBooks, five iPods, two Apple TVs, two iPads, and an iPhone). Knowing this, please keep in mind that if I were to hypothetically favor a company, my bias would be in favor of Apple (AAPL).
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Investors Hungry For IPOs
In the midst of an abysmal past two weeks on Wall Street, a mobile food ordering app, GrubHub (GRUB), went public. Last Friday (April 11) CEO Matt Maloney overlooked the NYSE trading floor to witness the results of his company’s IPO. Initial investor demand was so high that the company raised its initial offering target price from $20-22 to $23-25, and saw its stock shoot up 50% to $39 before eventually ending the day around $34.
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Grey Skies Form Close Ties
Alternative energy is an emerging powerhouse industry within the United States. Although there are many variants of renewable energy, like wind, geothermal, hydroelectric, and oceanic, the leader is clearly solar. Solar power is attractive because it harnesses energy from an abundant, and natural source, the sun. Since the sun isn’t going anywhere for quite some time, solar energy offers promising prospects.
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The Experienced Virgin
Back in the 60s, flying was both an experience and a privilege. Passengers dressed formally and were actually excited for their flights. Nowadays, flying is more of a hassle than it is enjoyable; we simply want to get from point A to point B, while spending as little money possible. However, increased costs and competitiveness have transformed airlines into revenue-generating machines.
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Is The Game Stopping?
According to the Entertainment Software Association (ESA), “no other sector [in the United States Economy] has experienced the same explosive growth as the computer and video game industry.” In their demographic study of the video game industry, the ESA reports 58% of Americans play video games and 51% of American households own a game console (many of which own more than one).
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S&P 500 Darlings
Last week the stock market celebrated the five-year anniversary of the S&P 500 Index, since hitting its lowest point during the Great Recession. Over the past five years, the recovering bull market has rewarded a number of blue chip E-Commerce companies with soaring stock prices. However, there is also much skepticism surrounding the future of the market, leaving investors worried.
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5 Stocks Under $10
Nokia (NOK) is an established cellular phone producer. In 2007 the stock soared up to almost $40 per share, and the company was the largest cell phone producer in the world. However, as Apple (AAPL) and Google (GOOGL) both entered the cellular devices market, producing smart phones, Nokia lost ground. By February 2009, the stock price dipped below $10, as the iPhone and Android devices gained tremendous popularity.
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