Paul Mampilly Gives 2018 Outlook On Apple Inc
As one of the biggest companies in the world, Apple Inc. has brought incredible returns to long-term investors. Now, one of Wall Streets most astute investors has just released an outlook report on the Silicon Valley giant. This investor, Paul Mampilly, believes that Apple Inc’s best days are behind them.
— Paul Mampilly (@Paul_M_Guru) January 4, 2018
Looking back, Apple Inc. has been one of the best-performing companies in the last 20 years. From the introduction of the iMac in the late 90s to the release of the iPhone in the middle 2000s, Apple Inc. has brought hundreds of billions of dollars of shareholder value to investors in the past two decades.
Investing expert Paul Mampilly believes that the days of Apple Inc’s outsized returns are coming to an end. In a recent article, Mr. Mampilly cites the fact that Apple has not introduced a truly revolutionary product in years. And that people still believe that Apple is still the same company run by Steve Jobs over a decade ago.
Despite the fact that Apple shares gained 47% in 2017, Mr. Mampilly believes that 2018 will be very different for the tech giant. Technical analysis shows Apple’s stock hovering just over a 50-day support line. And Mr. Mampilly believes that once that trend line is broken, look out below.
Another point brought up by Mr. Mampilly is the fact that short-positions in Apple have risen to 32% which, which happens to be the largest increase in short interest he can recall. Plus, the put/call options ratio is now sitting at 1.11 compared to about .60 a year ago. That means that options traders now have a slightly bearish bias on the stock.
Paul Mampilly began his financial career at Deutch Bank in the early 1990s. He then moved on to manage the Kinetics International Fund. The $6 billion dollar fund saw its assets under management grow under the leadership of Mr. Mampilly. After a decade of success at Kinetics International Fund, Mr. Mampilly was able to retire from the investing world at the age of 42.
Today Paul Mampilly uses his over two decades of experience to help investors through various newsletters published by Banyan Hill. Among the newsletters authored by Mr. Mampilly are Profits Unlimited, True Momentum, and Extreme Fortunes.
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