"There's going to be a fracturing of the performance within FAANG," Munster told CNBC's "" on Tuesday. "Think of that group of haves being Apple, Amazon and Google, and the have nots being Netflix and Facebook."
"The companies that are the haves are ultimately going to be involved in much bigger businesses," said Munster., and highlights its innovation in the health and wellness space. Munster speculates newer Apple watches and AirPods will be designed to attract more health-conscious consumers. He also predicts the 5G upgrade cycle will boost the bottom line.
According to Munster, it's a good time to consider buying shares. Apple shares, which had a 4-1 stock split on Aug. 31, have soared 52% so far this year. But they're off 19% from the all-time high.
TradingNation BS
TradingNation GeneMunsterSays is elonmusk ‘s minion. He smells roses even if musk farts 💨 the only other tech stock he likes is Apple. So not to be taken seriously
TradingNation Not surprised by Munster's vote of confidence for Apple. However Apple is behind the curve on technology (5G for example). It also has one of the highest risk of being impacted by anti-trust rulings in EU and US, unless they open up and change their policies.
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Source: CNBC - 🏆 12. / 72 Read more »
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