Apple was one of the hardest hit stocks on this historic day on Wall Street. At the open, it plunged over 11% hitting an intra-day low near 92. The stock recovered throughout the day and finished down only 2.5% and far less than the broader market averages, a sign the that worst might be over for Apple.
At current levels, Apple sports a 12 P/E and a respectable 2% dividend yield (and with all that cash, you're certain to see a raise in that level) - so, clearly this is one of the true bargains of Wall Street. Ignore the noise and buy this stock if you have no position as of yet.
If you are fully invested in Apple, just wait and hold. No reason to panic sell. Apple has a cash horde to protect it in times of trouble. Lean on that.
Short term rating = STRONG BUY
Long term rating = STRONG BUY
At current levels, Apple sports a 12 P/E and a respectable 2% dividend yield (and with all that cash, you're certain to see a raise in that level) - so, clearly this is one of the true bargains of Wall Street. Ignore the noise and buy this stock if you have no position as of yet.
If you are fully invested in Apple, just wait and hold. No reason to panic sell. Apple has a cash horde to protect it in times of trouble. Lean on that.
Short term rating = STRONG BUY
Long term rating = STRONG BUY