GO
Loading...

Will Apple Wow The Crowds In 2010?

Monday, 21 Dec 2009 | 5:37 PM ET

If there’s one stock that investors love its Apple. In a daily report distributed every morning here at CNBC, Apple has regularly been among the most 'searched for' companies on CNBC’s website.

That probably doesn’t surprise you. Apple has generated a great deal of interest in 2009 -- and not just in the US.

New data on Internet searches shows that the iPhone was the most searched-for product in the UK this holiday season, while the second most searched-for product was also made by Apple: the iPod Touch.

And Apple’s mojo doesn’t end there.

In a little more than a year, Apple’s ap store – or the online store for iPhone and iPod touch applications -- recently topped 2 billion downloads.

Not too shabby.

It explains the whopping gains in Apple shares this year – the stock is up well over 130% in 2009.

But can the tech titan perform as impressively in 2010?

Piper Jaffray analyst Gene Munster thinks it can. "There’s a paradigm shift going on," explains Munster. "People are going from cell phone to computer in their pocket and Apple is in a great spot for that."
And he likes the stock for other reasons too.

"There's a 70% probability that Verizon gets the phone by the middle of next year." That would address complaints some iPhone owners have with AT&T service.

Happy Holidays for Apple?
Insight on whether Apple can expect triple-digit gains, with Gene Munster, Piper Jaffray analyst.

But perhaps the biggest catalyst in 2010 is the tablet, a device only rumored to exist. "This is a product unlike no other product," Munster says. "We think it's coming as soon as Q1 and it's going to be 3% of sales. And it's currently not in Street models. That's another upside to owning the stock. You don't have the tablet priced in."

Munster has a $277 price target on the stock.

Karen Finerman and Joe Terranova are also bullish but in the past Terranova has pointed out that the stock appears to be challenged around $205.

What do you think? We want to know!





______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On December 21st, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Seymour Owns (AAPL), (AA), (BAC), (ETFC), (INTC); Finerman Owns (AAPL), (GOOG); Finerman's Firm Owns (MSFT), (NDAQ), (SKS), (TGT), (WMT), (BDX), (BCR); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (TLT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spread; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (CVS); Finerman's Firm And Finerman Own (WFC) Preferred

For Tim Seymour
Seygem Asset Management Owns (CZZ)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)

For Mark Mahaney
Citi Employees Own (YHOO), (GOOG)
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (YHOO), (PCLN), (NFLX), (AKAM)
Citigroup Global Markets Or Affiliates Expects To Receive/Seek Investment Banking Compensation from (EBAY) In Next 3 Months
(EBAY) Is Or In Past 12 Month Was An Investment Banking Client Of Citigroup Global Markets
(AMZN), (EBAY), (YHOO), (GOOG) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Securities-Related)
(AMZN), (EBAY), (YHOO), (GOOG), (EXPE) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Non-Securities-Related)
Citigroup Global Markets Is A Market Maker In (AMZN), (EBAY), (YHOO), (EXPE), (PCLN), (NFLX), (AKAM), (GOOG)
Citigroup Global markets And/Or Affiliates Has A Significant Financial Interest In Relation To (EBAY), (YHOO), (EXPE), (GOOG)
Citigroup Global Markets Or Affiliates Owns 2% Or More Of (YHOO)

For Gene Munster
Piper Jaffray Is A Market Maker In (AAPL), (GOOG), (YHOO), (AMZN), (EBAY)

CNBC.com with wires

  Price   Change %Change
AAPL
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report