Apple is once again selling off and heading south to meet the red line of the 200 DMA. Will Apple stock hold once again at that key level or will the sellers manage to bring the stock down? The chart tells me Apple is more likely to go lower than higher, but as with anything on Wall Street - there are no guarantees.
So, how to play Apple? At the moment - Apple sports a 1.69% dividend yield. That's not too shabby for a company with 204 BILLION on the balance sheet - as you can all but guarantee that yield will go up in the future.
People are concerned about growth at Apple, but Apple isn't priced like a growth stock, trading at a cheap to market 14 times earnings. It isn't priced like Google or Amazon. And with the cash horde and yield, that 14 times earnings looks cheaper still.
Apple is simply a buy here at current levels.
Short term rating = BUY
Long term rating = BUY
So, how to play Apple? At the moment - Apple sports a 1.69% dividend yield. That's not too shabby for a company with 204 BILLION on the balance sheet - as you can all but guarantee that yield will go up in the future.
People are concerned about growth at Apple, but Apple isn't priced like a growth stock, trading at a cheap to market 14 times earnings. It isn't priced like Google or Amazon. And with the cash horde and yield, that 14 times earnings looks cheaper still.
Apple is simply a buy here at current levels.
Short term rating = BUY
Long term rating = BUY