Want to start your new investing year with a real bang? How about shorting the biggest company in the world., joint managing director and chief investment officer, Mark Landau, has set his sights on a stunning target: shorting the $US2.1 trillion tech giant Apple.
“The iPhone is Apple’s biggest selling and highest margin product, with any softening in volumes or margins having a disproportionate impact on earnings,” Landau says. “Despite these challenges and early signs of volume declines, market expectations are for Apple to continue to grow earnings in FY23, which, we believe, is optimistic and unlikely.”Landau was one of 11 fund managers who provided a long-term stock pick to Chanticleer’s New Year survey.
Markiewicz sees the reopening of the Japanese and Chinese economies as key to growth. “The consumer experience in the US suggests that cosmetics are likely to be a key beneficiary of post-COVID-19 revenge spending,′ ” he says. With rising rates pushing up funding costs, Cellnex, which controls more than 20 per cent of the continent’s towers, has pivoted away from empire building to maximising organic cash flow; this is tipped to hit €2.5 billion a year, or about 10 per cent of the company’s market capitalisation.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FinancialReview - 🏆 2. / 90 Read more »