Share prices of Apple Inc. (Nasdaq: AAPL) have climbed more than 56% in the last year and are currently trading just below their 52-week high of $97.10.
But with reports that the new iPhone 6 will have a similar screen size as competitor Samsung‘s signature smartphone, some are wondering if Apple is starting to become a “follower” instead of a “leader.”
Michael joined Fox Business‘s Varney & Co. yesterday and discussed Apple’s strategy behind the bigger iPhone model. And he talked about where AAPL is headed in the long term…
Earlier this month, Sanford C. Bernstein, one of Wall Street’s “top” research firms, concluded that there is no correlation between big research-and-development spending and stock performance.
The researchers at Bernstein, who studied R&D funding at technology companies, called their results “surprising.”
They’re not. Instead of spending valuable time and dollars, the Bernstein researchers could have figured all this out with a single phone call – to me.
As someone who’s been in the technology trenches for the past 30 years, I know well that spending a ton of cash on research does not guarantee profits or stock-price appreciation.
What technology companies need are cost-effective research budgets.
To be fair, Bernstein’s study sounds exhaustive. The researchers went all the way back to 1977 and measured results over time frames ranging from one year to a decade.
Of the R&D winners Bernstein listed, three are companies that I’ve recommended as portfolio-boosters in the past here in Strategic Tech Investor. These are firms that use their research dollars wisely and get market-beating gains in return.
Today, I’m going to tell you about how all three should continue to be strong performers thanks to their effective R&D budgets. Plus, I’m going to tell you how all three are great ways to cash in on tech’s continuing stock-market dominance…