What's wrong with Apple stock - While the rest of the market has experienced a rebound from the recent crash, Apple stock remains stuck below the 50 DMA and can't catch a bid. All buyers are swamped by even more sellers and the stock can't remain above 110 for long.
What now for buyers? Is this recent price action concerning? In a word - no. As I've said many times, the cash horde for Apple will protect your investment. However, if you are someone that's been looking to buy into Apple, but haven't yet - watch this weakness as an opportunity.
Buy Apple at current prices. With a 1.9% yield, this stock will pay you an increasing dividend in coming years.
Short term rating = BUY
Long term rating = BUY
What now for buyers? Is this recent price action concerning? In a word - no. As I've said many times, the cash horde for Apple will protect your investment. However, if you are someone that's been looking to buy into Apple, but haven't yet - watch this weakness as an opportunity.
Buy Apple at current prices. With a 1.9% yield, this stock will pay you an increasing dividend in coming years.
Short term rating = BUY
Long term rating = BUY