Apple's Stock: Anything But Ordinary

Well, just as I predicted yesterday, Microsoft temporarily reclaimed its top spot as the world's biggest and most valuable tech company, but, at the end of the day, only to lose it once again to Apple. This should continue to happen, back and forth, for awhile yet, but the wind, as they say is clearly blowing on Apple's back, not Microsoft's.

With the Mac, iPods, iPhones and now the iPad seemingly big hits in overseas markets, as well as the U.S., NBC's stock analyst, Jim Cramer remains extremely bullish on Apple's stock, even though he normally advices people to sell most of their stocks when the market is up as it was yesterday, but as he states in the opening CNBC video. Apple's stock, however, as far as Jim is concerned, clearly isn't what you would call your ordinary, everyday type of stock and for very good reasons. It is, however, rather one of the very few stocks that he advices holding on to, at least until it finally hits in and around the $300 range. Currently, as of this writing it's approximately in the $253 plus range.

As far as reports for the iPad's first day of overseas sales goes, they seemed to be going extremely well, where hundreds even queued up for the iPad at the Carrosuel du Louve mall in Paris, where the iPad also even outshone the queue of people waiting to see the world's most famous painting, the Mona Lisa!

Also, in the neighboring and beautiful nation of Germany, the Deutschers were also seemingly excited to finally get their hands on their own iPads as well. In fact, the German publication, WirtschaftsWoche, reported that the mighty German insurance giant, Allianz SE, Europe's biggest, is now seriously considering equipping thousands of its reps with company supplied iPads for use in the field! Lucky stiffs - me is so, sooooo jealous!

Also, the American publication, BusinessWeek, stated in an updated post on iPad overseas that:

"‘..... Countries outside the U.S. are likely to account for 43 percent, or 3.5 million units, of iPad shipments this year, Mike Abramsky, an analyst at RBC in Toronto, wrote in a May 20 report. The U.S. will probably be the biggest market with 4.7 million units, followed by France with 805,000 and the U.K, with 585,000, according to the report."

In conclusion, with hit products such as the iPhone, iPod, iTunes, the App Store, the Mac, and now suddenly the iPad, is it any wonder why Jim Cramer is just so dang-tooting bullish on Apple's stock and on why he calls it "a must own", and why it stands out in stark contrast with not only Microsoft, but pretty well much everyone else's stock, as well.

And that's my 2 cents 4 this Friday, May 28, 2010

Video via: CNBC