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Sell Apple, Buy Google

Google (NASDAQ:GOOG) just set new all-time highs close to $900. And Apple (NASDAQ:AAPL) is up some $75 a share or so since its mid-April lows.

So what does this mean for tech investors? I say sell Apple and buy Google stock instead.

I recently talked with my friend Liz Claman to explain my reasons. In a nutshell, I think Apple is a decent buy — particularly with a plan to return $100 billion in capital to shareholders through 2015 — but Google will be better across the next 18 months or so thanks to strong leadership, better fundamentals and a fair valuation.

GOOG isn’t a slam dunk, of course, with recent softness in its online ad business. And there certainly is a risk of buying a top after the run. But I like Google better.

For more on the topic, read my recent MarketWatch column on Google vs. Apple or check out my recent post on 5 reasons to buy tech stocks now.

Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP. As of this writing, he did not own a position in any of the stocks named here.

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