Julian Robertson, a billionaire investor and founder of Tiger Management said he is very bullish on JD.com Inc (NASDAQ: JD) and Apple Inc. (NASDAQ: AAPL) during an exclusive interview with Kelly Evans on CNBC’s Closing Bell.
JD.com has advantage over all Chinese companies
According to him, JD.com has the” advantage over practically all the other Chinese companies” because it never had any knockoff problems. JD.com is an online direct sales company.
Julian Robertson said JD.com is selling the real thing. He emphasized the he sold his stake in Alibaba Group Holdings Ltd (NYSE: BABA) and invested in JD.com. “We are bullish on JD now,” he said.
Apple CEO Tim Cook is the right leader for the company
The billionaire investor said he is also “very positive” on Apple. Julian Robertson explained that he became extremely positive on the iPhone maker because it has the right leader right now.
He said Tim Cook is a very good leader and the perfect person to lead Apple. He even said that Cook “at this point in time, would be better for Apple than Steve Jobs.”
Julian Robertson explained that Cook is more of a humanist, which Apple needs based on the company’s size. He said Apple needs a leader rather than an innovator.
When asked the Apple Watch, Julian Robertson said he has an Apple Watch. He said, ”I forgot to put it on this morning. I am very technologically inept. I am hoping that my grandchildren are going to teach me how to use the watch. But knowing that I wasn’t going see them today, I left it off.”
The billionaire investor believed that the Apple Watch ”can be a pretty good product.”
Furthermore, Julian Robertson said the greatest value stocks around are Apple, Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Netflix Inc (NASDAQ: NFLX). He said these are great companies and “real values now.”
Carl Icahn recently exited his position on Netflix with approximately $1.6 billion profit. The activist investor believed that Apple offers a similar opportunity.
Julian Robertson is a proud shareholder of Gilead Sciences
Moreover, Julian Robertson said he is a proud shareholder of Gilead Sciences, Inc. (NASDAQ: GILD). He said the biopharmaceutical company “solved the Hepatitis C problem. They’ve been a cure for people. Gilead has done a lot that helped America.”