Buy Apple Inc. (AAPL) Sell Google Inc (GOOGL)?


In an article on Market Watch, Jeff Reeves explained reasons behind his decision to sell Google Inc (NASDAQ:GOOGL) and buy Apple Inc. (NASDAQ:AAPL). Apple and Google Inc (NASDAQ:GOOGL) are leading the technology markets since long. Both companies add up around $1 trillion in the market share. The battle between two companies is never ending as both of them try to cease the market with innovation, colossal devices and apps. Reeves said that Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) also make 5% of benchmark S&P 500 Index’s weighting. However, at the moment, Reeves is with Apple Inc. (NASDAQ:AAPL) stock and would sell Google Inc (NASDAQ:GOOGL) if he is given an option to have only one among the two tech giant stocks.

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Apple Inc. (NASDAQ:AAPL)’s iPhone 6, despite of bending news and rumors, has given a massive surge to Apple. The company reported its earnings on Monday. Apple Inc. (NASDAQ:AAPL)’s revenue was around $42.12 billion, which beats the analysts’ expectations and target revenue of the company, which was $39.85 billion. Earnings per share were $1.42 per share whereas the target was $1.31. Apple’s iPhone 6 sales target was around 38 million, but the company has sold 39.27 million units. Apple’s iPad sales are posing a problem, but this has to do with declining tablet sales around the world. Apple has $155 billion in cash and investment, Reeves said. Based on these figures, Reeves thinks that Apple Inc. (NASDAQ:AAPL) has a clear market edge on Google Inc (NASDAQ:GOOGL).

Google Inc (NASDAQ:GOOGL) reported a revenue of $16.52 billion whereas the target was $16.57. EPS was $6.35, but the target was $6.53. Growth in paid clinks is around 17% whereas the target was 22%. Ads and clicks business for Google is the most important tenant of earnings. The decline is depicting a red flags for the search giant. Apple Inc. (NASDAQ:AAPL) is apparently winning the battle in the market against Google.

Carl Icahn‘s Icahn Capital hold around 52.8 million shares of  Apple Inc. (NASDAQ:AAPL).  David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.

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