Market Wrap - Stock Pick — Apple
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Steven Schultz from Momentum chose Apple Inc as his stock pick of the day.
"My stock pick this evening is Apple and I got there in a a bit of a round about way, Walt Disney was subjected to a whistle blower last night that suggested that they were inflating their earnings and unfortunately for them, at exactly the wrong time but it was the right time for Apple as they just announced that they will be spending in excess of $6 billion on original content and this will allow them to go head to head with the likes of Netflix, HBO and off course Walt Disney. Markets cheered the idea and their share price went up by 2%"
"My stock pick this evening is Apple and I got there in a a bit of a round about way, Walt Disney was subjected to a whistle blower last night that suggested that they were inflating their earnings and unfortunately for them, at exactly the wrong time but it was the right time for Apple as they just announced that they will be spending in excess of $6 billion on original content and this will allow them to go head to head with the likes of Netflix, HBO and off course Walt Disney. Markets cheered the idea and their share price went up by 2%"
