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

7 monthes 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 monthes 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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Amazon spikes to an all-time high after crushing earnings

Amazon spikes to an all-time high after crushing earnings

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Tourism Minister describes ATM 2018 as a key platform for Egypt

Tourism Minister describes ATM 2018 as a key platform for Egypt

The newly elected Tourism Minister of Egypt, Dr. Rania Al-Mashat took part in Arabian Travel Market 2018 in Dubai for the first time and explained the trade show as a thriving... Read more ...

Bill Cosby has been found guilty of drugging and sexually assaulting a woman

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Four Seasons Hotel New York Downtown Celebrates Mother's Day

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Trump reportedly called Michael Cohen to complain after he saw the lawyer...

Trump reportedly called Michael Cohen to complain after he saw the lawyer eating breakfast with Mark Cuban

Kevork Djansezian/Getty Images President Donald Trump reportedly complained to his lawyer, Michael Cohen, about him having breakfast with billionaire Mark Cuban. Cuban told The... Read more ...

New survey shows consumers are wary of smart home devices invading their privacy

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12 people you will probably see at Prince Harry and Meghan Markle's wedding

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Chris Jackson/Getty Images The guest list for the royal wedding has been finalized and everyone is curious to know exactly who is on it. Serena Williams and Priyanka Chopra are... Read more ...

10 ways you can make your coffee habit actually healthy

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Mohammad Khursheed/Reuters A coffee addiction can have drastic effects on your body, but there are ways to manage it in a healthy manner. Coffee shouldn't be the only breakfast... Read more ...

Trump showed up late to Michael Cohen's son's bar mitzvah - then humiliated...

Trump showed up late to Michael Cohen's son's bar mitzvah - then humiliated him in front of all the guests

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LIVE: Microsoft shares take a 2% hit after announcing a big beat on earnings

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Getty/Mark Wilson Microsoft announced its quarterly earnings after the bell. Shares in the software titan are trading at about 2% lower after the numbers crossed. Here are the... Read more ...