“Drexel Hamilton’s Brian White today outlines his top four picks for 2016: Apple (AAPL), Hadoop software distributor Hortonworks (HDP), Red Hat (RHT), and Tableau Software (DATA),” Tiernan Ray reports for Barron’s.
“White’s overarching theme is ‘muted’ tech spending in 2016, but a continuation of ‘secular trends,’ including big data, cloud computing, the Internet of Things, mobile, open source software, and the rise of software in importance generally,” Ray reports.
“For Apple, on which he bestows a $200 price target, he calls it his ‘top mega-cap tech pick for 2016’ and thinks the company will benefit from an iPhone 7 later in the year, and ‘growing momentum’ for the Apple Watch,” Ray reports. “Apple will continue to make progress in China and India, he thinks, and its competitors will stumble.”
Read more in the full article here.
MacDailyNews Take: From your lips to Mr. Market’s ears, Brian.