Investing in Apple Stock today
If you owned Apple Inc. (NYSE: AAPL) stock , you saw a 5% jump in shares on August 13, when Carl Icahn tweeted that he held "a large" position in Apple.
Same with Netflix Inc. (Nasdaq: NFLX), when shares spiked as much as 14%, back on October 31, 2012, when Icahn's regulatory findings revealed he held a tidy 10% stake in the company.
Is Apple Stock A Buy?
Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Varney & Co." today (Wednesday) to answer the question, "Is Apple stock a buy?"
Gilani called Apple stock a "Buy" last time he appeared on "Varney." Back on July 23, Apple (Nasdaq: AAPL) announced its Q3 2013 earnings. Apple stock closed out at $418.99 that day, and has since surged to $489.15 as of yesterday.
Gilani's pick was right, and now he tells viewers why he continues to believe it's a good idea to buy Apple stock.