BlackRock’s Keefe Picks Google Shares Over Apple: Tom Keene
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Google Inc. shares will beat Apple Inc. because the company faces less competition and rising advertising revenue from businesses such as YouTube, BlackRock Inc.’s Tim Keefe said.
Google’s costs will fall as search and advertising products improve, according to Keefe, a managing director and fund manager for the 30-stock BlackRock Flexible Equity Fund. Google, the owner of the world’s most popular search engine, is the fund’s second-biggest holding, according to a March 31 statement from BlackRock. The fund does not hold shares of iPhone maker Apple, he said.