Wednesday, April 17, 2013

Which Stock Could Hit $1K First?

I was on CNBC last month, arguing that Apple (Nasdaq: AAPL), (Nasdaq: PCLN), and even Baidu (Nasdaq: BIDU) could hit $1,000 before Google (Nasdaq: GOOG).

You can see the CNBC video -- it was my fifth time on CNBC (I have also been on CNBC Asia another half-dozen times) -- but I'm bringing it back today because I was proud of the call at the time. I was on the air just minutes after Apple hit a fresh 52-week low of $419, and I figured I had not only nailed the bottom on the consumer tech giant, but I had done so before a global TV audience!

Well, it wasn't to be. As of this morning, Apple has fallen below $419.

Now, the actual thesis of the CNBC video is still intact. Google hasn't hit $1,000. It may very well be Apple, Priceline, or Baidu that gets there first. However, with Apple and Baidu going on to make new lows after my stint on CNBC's Fast Money it's starting to seem as if Priceline is now my sturdiest horse to make it to that $1k finish line ahead of Google.

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