Apple is having another horrid day on Wall Street - down over three percent on good volume. The analysts didn't like Apples growth prospects during its recent earnings call and the stock is getting punished. As I have been saying during this whole drop - don't rush to buy Apple, stage your position in increments - I thought there might be more downside.
The bottom line now for investors - Apple is a lot cheaper at this moment than it was a month ago. This is the lowest level the stock has seen since February and the selling might still have a way to go yet.
If you haven't bought Apple - start with a small purchase - 1/4th of your intended buy size total. The example I used yesterday - buy in 2500 dollar increments if you are going to invest 10k total.
The numbers are solid - Apple is a cheap stock relative to its peers and the market. The dividend yield is now over 1.82% - quite a nice payday from a company with 204 billion on the balance sheet - meaning, you'll get paid more in the future.
Short term rating = STRONG BUY
Long term rating = STRONG BUY
The bottom line now for investors - Apple is a lot cheaper at this moment than it was a month ago. This is the lowest level the stock has seen since February and the selling might still have a way to go yet.
If you haven't bought Apple - start with a small purchase - 1/4th of your intended buy size total. The example I used yesterday - buy in 2500 dollar increments if you are going to invest 10k total.
The numbers are solid - Apple is a cheap stock relative to its peers and the market. The dividend yield is now over 1.82% - quite a nice payday from a company with 204 billion on the balance sheet - meaning, you'll get paid more in the future.
Short term rating = STRONG BUY
Long term rating = STRONG BUY