Market Overview

Brian Sozzi Talking Apple To The Dow

Brian Sozzi is on CNBC talking about Apple (NASDAQ: AAPL) potentially being added to the Dow, and he does not think this is a good idea.

Sozzi said that if Apple was in the Dow, it would be a sign that it was a mature tech company, which Apple clearly is not.

If Apple is added to the Dow, the Dow would add on another 2,225 points, which would put it around 15,000 if you had a mythical Dow 31.

If Apple replaced Cisco (NASDAQ: CSCO), the Dow would be sitting at 13,928 today.

CNBC asked Brian about what Apple will do with its $76 billion in cash, and Sozzi said he thinks a special dividend over next year, year and a half could happen when it gets close to $100 billion in cash. He believes that Apple is more concerned about owning the living room, as opposed to making a huge acquisition.

Sozzi is a retail analyst at Wall Street Strategies.

Posted-In: Brian Sozzi Wall Street StrategiesLong Ideas Trading Ideas

 

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