Apple And Google Update (AAPL, GOOG)

Considering the recent speculative frenzy in a couple of hot sectors, it is a good time to check up on some reasonably priced blue-chips, which in my opinion, happen to be the two best technology companies on earth. Those two companies, Google GOOG and Apple AAPL, continue to trade at compelling valuations. Currently, AAPL is trading at a trailing P/E of 21.49, a forward P/E of 14.46, and a PEG ratio of 0.85. GOOG is trading at a trailing P/E of 24.46, a forward P/E of 18, and a PEG ratio of 1.19. There is still an awful lot to like about these two revolutionary companies, and investors would be well served to kick the tires on these names once again as we head into 2011.