Apple Inc. (AAPL), Priceline Group Inc (PCLN): May Return 15+% This Summer Says Margaret Brennan


Apple Inc. (NASDAQ:AAPL) remains the most talked about brand in the US and though the company has slipped to #2 from a brand value perspective worldwide, its still performing exceedingly well on the market this summer.On the other hand Priceline Group Inc (NASDAQ:PCLN) is at the top from the travel sector. The travel and leisure companies are in demand in summers due to vacations.

Apple Inc. (AAPL), Priceline Group Inc (PCLN): May Return 15+% This Summer Says Margaret Brennan

Morgan Brennan of CNBC was covering the sizzling stocks for this summer and Apple Inc. (NASDAQ:AAPL) was at the top of  tech stocks that featured in the list of summer sizzlers. Brennan said that the stock of Apple Inc. (NASDAQ:AAPL) has posted a double digit gain between Memorial Day and Labor Day continuously for five years now. She was focusing on the Russell 1000 and Apple Inc. (NASDAQ:AAPL) was first in her list. The company gained about 15% on an average over the last 5 summers. She also said that a lot of analysts still rate the stock to buy.

After Apple Inc. (NASDAQ:AAPL) and tech stocks, the focus shifted to travel and leisure segment and Priceline Group Inc (NASDAQ:PCLN) topped the list with over 26% gain on an average in summers for period of 5 years. The growth rate of 26% also has to do with how the company markets itself as similar companies averaged about 12% – 14% in the same segment and to standout with 26%, Priceline Group Inc (NASDAQ:PCLN) really did well continuously.

Tiger Global Management Llc own about 680 thousand shares in Priceline Group Inc (NASDAQ:PCLN) as of March 31st 2014. Other key investors include Blue Ridge Capital with about 300 thousand shares and Cantillon Capital Management with approximately 300 thousand shares.

Apple Inc. (NASDAQ:AAPL) has split its share this year so it would be a different ball game for the company this year. While for Priceline Group Inc (NASDAQ:PCLN) it should be similar unless and until something drastic happens.

Disclosure: None