Apple's record-making bond issuance was met with tremendous demand this week, but it's not our favorite large-cap tech bond idea today.
The market pondered mixed earnings reports from Apple , Microsoft , IBM , and Amex this week, while GM had a better-than-expected quarter.
Although companies such as IBM and Apple have been increasing return to shareholders, the long-term resilience of these businesses remains uncertain, says Morningstar's Josh Peters.
This quarter's distributions to shareholders are not a flash in the pan, says Morningstar's Grady Burkett.
Top managers continue to find opportunities for new-money purchases (albeit fewer than in past periods), while taking full advantage of a rising stock market to book some gains.
Investors should remain selective amid a generally uninspiring marketplace, while keeping an eye on secular themes.
Greed trumps fear in several pockets of the tech sector, but buying opportunities can still be found.
Throughout much of the 80s and 90s, Apple (AAPL) played second fiddle to Microsoft (MSFT) and IBM in terms of size and stature.
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