Apple popped 21.4% this month, reaching record levels, as investors snapped up the tech giant ahead of its 4-for-1 stock split. That move took effect Monday, which led to further gains by the name.
The market’s rally in August pushed the S&P 500 back into record territory and essentially erased the Dow’s year-to-date losses. However, billionaire investor Leon Cooperman thinks stock returns from here will be tougher to come by.
“The overall market, we’ve been pulling a lot of demand forward. I would expect that future returns will be relatively unimpressive for a long time,” Cooperman told CNBC’s “Squawk Box” on Monday.
Note: PRO subscribers are invited to join a live discussion on Sept. 2 with Walter Price of Allianz, whose funds have been among the top performers in the tech space over the long term. RSVP here and submit your questions here.
