Carl Icahn has picked Apple (AAPL) as his next target. The activist investor has gone to market and according to the Wall Street Journal grabbed-up $1.5-billion in the company stock. The news has sent Apple shares soaring. This morning they've been up as much as 1.5%. That follows a climb of more than $22 yesterday. Icahn revealed his new stake in the company by tweeting: "We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come."Of course with Icahn, there's usually an agenda alongside an investment. So, what does Icahn want in this case? Yahoo! Finance Senior Columnist Mike Santoli has details in the video above.
By the way, one other quick note about Apple. The company has acquired "Matcha TV." Interestingly, the service is down right now. It's designed to help people cut through all the clutter of the web to find videos they're looking for. Nintendo already offers a similar service and Microsoft willRead More »from Icahn Picks Apple as Latest Target; Deere Sees More Green; Airline Turbulence