Russ Kaplan is a money manager and newsletter advisor who focuses on buying value-oriented stocks with a multi-year investment horizon; here’s his top idea for conservative investors over the coming year.
One of the most under appreciated stocks on Wall Street is Apple (APPL). The stock is among the bluest of blue chips.
Apple has a financial rating of A++. On every measure we see -- such as price/earning ratio -- Apple is undervalued.
With the death of its founder, investors were skeptical about new leadership, but Tim Cook has done an excellent job. He owns over one million shares of the stock.
Apple is constantly developing new products such as the Apple watch and this is not done as a short-term item being rushed onto the market.
Rather, the company takes a long-term perspective and views its product introductions as something that will constantly be improved over the years.
Apple may not be appreciated by the investment community at the present time, but that could change almost instantly.
In fact, I see the price of Apple going to $200 per share in the near future. While you wait, you have an average dividend of about 2.2%.
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Editor Note: Last year, Russ Kaplan selected Freeport McMoran (FCX) as his Top Pick. The stock has since gained 116%. Russ now considers the stock a holding, saying, "Despite the sharp run up of Freeport McMoran this year, I would rate the stock as a solid hold. I would hold on to what we have, but not buy any more."
