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Hedge fund legend Julian Robertson says Apple is 'not that expensive of a stock'

7 days ago   |   By

CNBC Is Apple, now trading near all-time highs with a market cap of $833 billion, overpriced?
Hedge fund legend Julian Robertson, who has several decades of investing under his belt, doesn't think so.
"I think we should definitely look at Apple," Robertson told an audience of Wall Street money managers at the Delivering Alpha conference on Tuesday, September 12. "Apple is not that expensive of a stock."
Robertson also believes Facebook, Google, and Netflix have plenty of room to run, giving an endorsement to most of the high-flying tech stocks that comprise the acronym FAANG. The stock he...
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An investing legend who's nailed the bull market at every turn says betting on the VIX is a 'quick way to lose money'

An investing legend who's nailed the bull market at every turn says betting on the VIX is a 'quick way to lose money'

7 days ago   |   By

CNBC Betting against stock market volatility is one of the hottest trades in the market.
It's also one of the most controversial, with many pundits viewing it as increasingly vulnerable to a market blowup.
Legendary investor Laszlo Birinyi - who has nailed the eight-year bull market at every turn - is staying out of the fray completely. Having experienced considerable success simply trading on the benchmark S&P 500 index and evaluating stocks on an individual basis, the president of Birinyi Associates views the whole exercise as pointless.
In an interview with Business Insider, Birinyi...
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Richard Petty Says He'll Fire Anyone Who Protests During The National Anthem...

Richard Petty Says He'll Fire Anyone Who Protests During The National Anthem And In NASCAR He's Not Alone

As the sports world continues to erupt over President Trump's call for the NFL to get rid of the “son of a bitch” players who protest during the national anthem, one sport... Read more ...

Pittsburgh Steelers to skip the national anthem entirely amid Trump backlash

Pittsburgh Steelers to skip the national anthem entirely amid Trump backlash

Nick Wass/AP The Pittsburgh Steelers said the team won't be on the field at all when the national anthem plays before Sunday's game. The decision follows a wave of backlash to... Read more ...

How NFL stars and teams reacted to Trump's comments that protesting players...

How NFL stars and teams reacted to Trump's comments that protesting players should be fired

Thomson Reuters Backlash continued on Sunday to President Donald Trump's call for the firing of any National Football League players who kneel during the national anthem in... Read more ...

Trump praises the Pittsburgh Penguins after the team announces it will still...

Trump praises the Pittsburgh Penguins after the team announces it will still visit the White House

Brynn Anderson/AP President Donald Trump praised the NHL's Pittsburgh Penguins on Twitter Sunday after the team announced it would still visit the White House for the ceremony... Read more ...

BANK OF AMERICA: One area of the stock market could double in the next 2 years

BANK OF AMERICA: One area of the stock market could double in the next 2 years

REUTERS/China Daily Bank of America Merrill Lynch thinks the hottest area of the global stock market has much higher to climb. Perhaps surprisingly, it's not the S&P 500 , even... Read more ...

Facebook and Amazon are so big they're creating their own company towns...

Facebook and Amazon are so big they're creating their own company towns - here's the 200-year history

Getty Images Mega-corporations - from Facebook to Amazon - are creating modern-day company towns. In Menlo Park, California, Facebook plans to build a new campus with 1,500... Read more ...

Trump's friend and New England Patriots owner Robert Kraft says he is...

Trump's friend and New England Patriots owner Robert Kraft says he is 'deeply disappointed' with the president's comments

Charles Krupa/AP Robert Kraft, the owner of the NFL's New England Patriots and one of President Donald Trump's most prominent supporters in the sport, hit back at the president... Read more ...

Amazon is making huge physical bets in defiance of the retail apocalypse

Amazon is making huge physical bets in defiance of the retail apocalypse

Matt Weinberger/Business Insider Amazon has become synonymous with online shopping. But the online giant is increasingly moving into the physical world, opening spaces in... Read more ...

Hurricane Maria deals Puerto Rico's fragile economy a new blow

Hurricane Maria deals Puerto Rico's fragile economy a new blow

Thomson Reuters PUERTO RICO/NEW YORK - Chan Lo is racing against the clock to save thousands of dollars of supplies at his sushi restaurant in San Juan's Condado beachfront... Read more ...

A's catcher becomes first MLB player to kneel during national anthem

A's catcher becomes first MLB player to kneel during national anthem

Christian Petersen/Getty Images Just one day after President Donald Trump ripped NFL players for kneeling during the national anthem, Oakland A's rookie catcher Bruce Maxwell... Read more ...