A Good Way To Stay Long Apple Without Owning The Stock

Thu, 05/10/2012 - 14:35 EDT - Seeking Alpha

By The Independent Investor:Why own just any stock in the market, when you can own Apple (AAPL)? While Apple's stock has been volatile over the last couple weeks, it is hard to find a better performing stock in the S&P 500 and its tracking exchange traded fund, SPY, over the last several months.(www.thestreet.com)Apple shares generally consolidated around $450 a share in December of 2012, before taking off after the company's blockbuster first-quarter earnings report.Apple's recent second-quarter earnings report was very impressive as well. In addition to beating on the top and bottom line, the company also easily surpassed most analyst estimates for shipments of iPhones and iPads, shipping nearly 35 million iPhones, double what the company shipped last year.Still, despite Apple's impressive recent earnings report, the stock has pulled back nearly 15% from its all-time high of around $675 a share during the recent sell-off, to around the $550Complete Story »

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A Good Way To Stay Long Apple Without Owning The Stock

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