Apple Inc. (NASDAQ:AAPL) remains the most talked about brand in the US and though the company has slipped to #2 from a brand value perspective worldwide, its still performing exceedingly well on the market this summer.On the other hand Priceline Group Inc (NASDAQ:PCLN) is at the top from the travel sector. The travel and leisure companies are in demand in summers due to vacations.
Morgan Brennan of CNBC was covering the sizzling stocks for this summer and Apple Inc. (NASDAQ:AAPL) was at the top of tech stocks that featured in the list of summer sizzlers. Brennan said that the stock of Apple Inc. (NASDAQ:AAPL) has posted a double digit gain between Memorial Day and Labor Day continuously for five years now. She was focusing on the Russell 1000 and Apple Inc. (NASDAQ:AAPL) was first in her list. The company gained about 15% on an average over the last 5 summers. She also said that a lot of analysts still rate the stock to buy.
After Apple Inc. (NASDAQ:AAPL) and tech stocks, the focus shifted to travel and leisure segment and Priceline Group Inc (NASDAQ:PCLN) topped the list with over 26% gain on an average in summers for period of 5 years. The growth rate of 26% also has to do with how the company markets itself as similar companies averaged about 12% – 14% in the same segment and to standout with 26%, Priceline Group Inc (NASDAQ:PCLN) really did well continuously.
Tiger Global Management Llc own about 680 thousand shares in Priceline Group Inc (NASDAQ:PCLN) as of March 31st 2014. Other key investors include Blue Ridge Capital with about 300 thousand shares and Cantillon Capital Management with approximately 300 thousand shares.
Apple Inc. (NASDAQ:AAPL) has split its share this year so it would be a different ball game for the company this year. While for Priceline Group Inc (NASDAQ:PCLN) it should be similar unless and until something drastic happens.
Disclosure: None
