AAPL: Should You Buy Apple? Follow-Up From Our Earlier Advice
Many of our readers have asked us to do a follow-up, would we continue recommending Apple Inc. (NASDAQ: AAPL) at this point?
Since our article was published, the stock is moved up significantly, with the high reached in August of just over $471. While the easy money might be over, there is still potential for more upside.
With the stock trading at $454, showing a return of over 11% in just four months since the article was published, it has moved quite a bit over a short period of time. Considering the size of the company, some consolidation should be expected.
We find it interesting that the stock has moved up without any new product announcements. We think that there are several new items that will be introduced this fall, and as speculation mounts we could see additional flow of funds into the stock.
While each investor needs to conduct their own due diligence, if Apple does come out with a new product, we could see a lot of interest generated which will drive other investors into the stock. Even with the move up since our article, it still only trades at a forward PE 11.
With the all-important holiday season coming up, it will be interesting to see how Apple’s products match up versus the competition. Any incremental improvement would be a huge positive for shareholders.
If you would like to know how we would create a trading strategy using companies like Apple, then check out our Flagship Newsletter or the Aggressive Investor Newsletter. Or we can teach you in a one-on-one coaching session how to create the ideal risk reward trade for this stock.
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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.