“Will Apple (AAPL) make investors a fortune in 2014?” Nathanael Arnold reports for Wall St. Cheat Sheet.
“In a recent interview with Bloomberg’s Betty Liu, Trading Advantage Senior Market Analyst Alan Knuckman called out Apple as a stock to watch in the upcoming year,” Arnold reports. “When asked if the markets could repeat the gains seen in 2013, Knuckman noted that it has been ‘a tragedy that people have not believed in [the markets] this year.'”
Arnold reports, “Knuckman also suggested that Apple may become an important market catalyst in 2014. ‘I think you want to keep an eye on Apple,’ Knuckman told Bloomberg. ‘As Apple goes, I think people’s fortunes will follow.’ The analyst also noted that the California-based company appeared to be on the verge of a ‘breakout.'”
Read more in the full article here.