“For some traders, the best way to get exposure to Apple is to buy shares of Apple itself,” David Penn writes for Forbes. “Given the way the stock rebounded from a five-day pullback into oversold territory late late week, that’s a strategy that needs little in the way of added endorsement from me.”
“The idea of leveraging Apple’s success by way of so-called ‘Apple derivative plays’ has been and continues to be irresistible to a growing legion of traders and investors alike,” Penn writes. “Many of these Apple derivatives are as much a play on the broader growth in smartphones and tablets as they are a way of slipstreaming Apple’s advance.”
Penn writes, “Apple derivative plays are companies that benefit from the growing market for Apple products, specifically the iPhone and the iPad”
Read more, especially about Cirrus Logic Inc. (CRUS), in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]