WALL ST WEEK AHEAD-Big questions for markets for 2015
By Sinead Carew
Dec 26 (Reuters) - Wall Street was generally calmer in 2014 than in previous years, but that doesn't mean the stock market was devoid of drama.
Big selloffs in biotechnology and social media stocks had strategists predicting doom in the spring, and the plunge in oil prices has clouded the outlook for the coming year. It was a year when Cynk Technology, a development-stage company with no revenue, was briefly worth $6 billion, and when a long-forgotten closed-end fund focused on Cuba - the Herzfeld Caribbean Basin Fund - saw more trading in one day in December than it had in six years.
With that in mind, Reuters asked Wall Street strategists a few questions on odd things to watch for in 2015.
THE BIG APPLE
Shares of Apple Inc, the most valuable publicly traded U.S. company, will finish higher for a sixth straight year. With a current market value of about $663 billion, if one were to pick a company that would be the first to hit $1 trillion in value, Apple's a safe choice - but not next year, investors said. The iWatch, its latest product, may not be enough to propel the stock further.
"I don't really see this company as having another blockbuster category of products. The watch doesn't feel like a great idea. I'm kind of out of the Apple mystique thing," said Kim Forrest, vice president and senior analyst at Fort Pitt Capital Group in Pittsburgh.
NASDAQ 5000 Continued...