The Wall Street Journal is calling Apple a "safe" investment.

In an article published yesterday, it says that because Apple has strong cash reserves, and given that it has not issued a profit warning for the current quarter, it believes there are strong arguments to consider Apple a safe stock. It points to Apple's 24 million strong user base as proof of a stable market.

Dipak Patel, a portfolio manager at investment firm Cumberland Associates, said in the article: "I can sleep at night owning this stock." Apple will release its quarterly financial results on April 18.

The article claims that Apple stock is attracting investors focused more on valuation than the rapid growth in earnings or revenue looked for by "momentum" investors.