I have been surfing lately to see what stocks have been consistently been mentioned when it comes to the stocks to buy for 2008. It is interesting to note that even with the sub prime mortgage fiasco still not out of the horizon, investors generally feel that 2008 will be a good year with most stating that the US economy might not get into a recession this time around due to a strong Global economic landscape and strong balance sheets and tip top shape of most US companies with most being exposed internationally and might not be too held back if the US economy starts to take a turn.
Well, predictions are just predictions and you should be smart enough to make your own analysis and do some research before taking the plunge. For me, I have a group of stocks that I monitor and sometimes I add more stocks to monitor based on the information that I get from various sources. Today, in this post, I am going to provide some insight of the stocks to monitor for 2008.
I have noticed that Apple (aapl) shares have been doing reasonably well in 2007. Although it has hit a 52-week closing high of Nearly $200 from last week, the shares seems to be a favorite for most portfolio managers and has even been slated to reach a price of $300 in 2008. The bullishness on Apple is due to a few factors. Apple have been viewed as a company that embraces innovation and a leader in retail. Their Ipods and Iphones have gone on to take a life of their own and has been a hit with the current generation of young consumers and professionals alike.
For me, what I like about Apple is its ability to pull a surprise one after another. Sometimes, you never know what Apple might come up with especially with their dominance in the music industry online through iTunes. To put it simply, Apple is disrupting every industry that it decides to do business in. » Read the rest of the entry..