Apple (AAPL) has been dominating the domestic market over the past few years, and its products and innovations have been huge successes. The latest winner is the iPhone smart phone.
Now, with a weak dollar, look for sales of this fantastic product to explode across the globe. If you think the success domestically is something, wait to see what sales do overseas.
Cell phones made in Asia sold very well in the U.S. when the dollar was king. Now, the reverse will be true. AAPL is already a must-own stock, and the case gets even better with a weak dollar. The rich keep getting richer, and that is the case with AAPL. There is another double here simply due to global sales.
See the complete list of stocks set to benefit from the weak dollar.
And for more hot stock picks, check out:
Newspaper ad revenue of 28%, 8 quarters of double-digit drops
Closing Bell: Earnings working against stocks (BCRX, DELL, DHI, INTC, LEAP, PCS)
Chasing Value: E-Trade, a word of caution
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