Apple Stock Pulls Back. Buy the Dip?

TheStreet2022-04-11

Despite having outperformed the S&P 500 so far in 2022, Apple share price continues to zigzag. Could this be yet another opportunity to buy the dip?The rally has stalled out for now. After climbing an...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

pkyon
2022-04-13
pkyon
Noted
jimstocker
2022-04-13
jimstocker
Will apple bear more ...
Mr. T
2022-04-12
Mr. T
Aiyo
MIe
2022-04-11
MIe
Apple steady
Azerone.Kee
2022-04-11
Azerone.Kee
Yes, when you hold a good company's share for long term, your money will grow together with that company.
来人
2022-04-11
来人
Nice

Leave a comment

344

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1127360385?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-04-11 07:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1127360385","market":"us","top_or_hot":-1,"title":"Apple Stock Pulls Back. Buy the Dip?","media":"TheStreet","content":"<div>\n<p>Despite having outperformed the S&P 500 so far in 2022, Apple share price continues to zigzag. Could this be yet another opportunity to buy the dip?The rally has stalled out for now. After climbing an...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-pulls-back-again-is-it-a-buy-now\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Pulls Back. Buy the Dip?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Pulls Back. Buy the Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-11 07:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/apple-stock-pulls-back-again-is-it-a-buy-now><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite having outperformed the S&P 500 so far in 2022, Apple share price continues to zigzag. Could this be yet another opportunity to buy the dip?The rally has stalled out for now. After climbing an...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-pulls-back-again-is-it-a-buy-now\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://www.thestreet.com/apple/stock/apple-stock-pulls-back-again-is-it-a-buy-now","article_id":"1127360385","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127360385","pubTimestamp":1649635105,"sourceInfo":null,"weMediaInfo":null,"summary":"Despite having outperformed the S&P 500 so far in 2022, Apple share price continues to zigzag. Could","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"苹果股市回调。买蘸料？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"Despite having outperformed the S&P 500 so far in 2022, Apple share price continues to zigzag. Could this be yet another opportunity to buy the dip?The rally has stalled out for now. After climbing an encouraging 18% in the last several days of Q1, Apple stock has dropped around 5% from the recent peak of March 29.Is this an opportunity to buy a small dip or a sign that AAPL may have lost momentum? Today, the Apple Maven tries to answer this question.Figure 1: Apple Stock Pulls Back Again: Is It A Buy Now?AAPL: the 2022 zigzagThe equities market has been soft so far this year, as the tech-rich Nasdaq remains in correction territory. Apple stock, on the other hand, has declined a much tamer 5% YTD.But make no mistake: Apple’s path to outperformance in 2022 has not been without ups and downs. The chart below shows that the stock dipped as much as 15% by mid-March (blue line), trailing the returns of the S&P 500 at times. However, AAPL has consistently recovered more strongly.Figure 2: AAPL dipped as much as 15% by mid-March (blue line), trailing the returns of the S&P 500 at times.After flirting with the $3 trillion market cap once again, Apple share price declined from nearly $180 to an intraday low of $170 in a matter of few days.Buy the dip?Historically, Apple stock has been a better buy after pullbacks. Therefore, the recent decline in share price could be seen as an opportunity for new investors to own shares at early December 2021 prices.But there are a couple of caveats to the buy-on-weakness approach. First, the strategy does not always work in the short term. In fact, Apple stock often trends over a period of days or weeks, suggesting that the recent decline could extend further.Second, the most recent 5% pullback puts AAPL stock at a drawdown of only 6% from the all-time high of only about three months ago. The chart below shows that corrections of at least 15% are the ones that tend to produce the best one-year gains for dip-buyers.Figure 3: Average one-year return on AAPL, by strategy.Think longer termTherefore, I do not think that short-term traders or buy-the-dip fans should get too excited about the recent softness in AAPL price. This is more likely to be market noise than a rare opportunity to own Apple on the cheap.Instead, I believe that those who are considering buying Apple stock at current levels should be willing to think longer term. Fundamentally, is AAPL a good name to buy and tuck away inside a diversified stock portfolio over the next several years?From that perspective, I find it hard not to like Apple stock, even at current prices that are not too far from the historical peak.I could present my own business-specific arguments for owning AAPL, but I will quote Wall Street experts instead. According toTipRanks, not a single analyst believes that Apple stock is a sell. About four out of five think that AAPL is a buy, while one in five maintains a hold rating.The most bullish of analysts sees AAPL climbing to $215 for upside potential of around 25% in the foreseeable future. Wamsi Mohan, from Bank of America, has cited decreased trade-in prices to support his thesis of strong demand for the iPhone in 2022.Mr. Mohan also does not seem too concerned about supply chain issues. Despite plant shutdowns in Asia, the analyst points out that Apple has sourcing flexibility.Strength in the iPhone business is only part of the bullish thesis — albeit a very important one. Morgan Stanley’s Katy Huberty, for example,saysthat hardware subscriptions across Apple’s different devices can be highly supportive of user spending, and potentially a source of upside to consensus expectations.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9080064933,"gmtCreate":1649820090839,"gmtModify":1676534583955,"author":{"id":"4088240292043820","authorId":"4088240292043820","name":"pkyon","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088240292043820","authorIdStr":"4088240292043820"},"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080064933","repostId":1127360385,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017423575,"gmtCreate":1649807331224,"gmtModify":1676534578852,"author":{"id":"3554969559558020","authorId":"3554969559558020","name":"jimstocker","avatar":"https://community-static.tradeup.com/news/06dc60aa403aef62a4943d41f388c06a","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":3,"crmLevelSwitch":1,"idStr":"3554969559558020","authorIdStr":"3554969559558020"},"htmlText":"Will apple bear more ...","listText":"Will apple bear more ...","text":"Will apple bear more ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017423575","repostId":1127360385,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9014468294,"gmtCreate":1649710906675,"gmtModify":1676534553129,"author":{"id":"3580699589385230","authorId":"3580699589385230","name":"Mr. T","avatar":"https://static.tigerbbs.com/ffcbb09604bf679c78d4b172e4ad0c39","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3580699589385230","authorIdStr":"3580699589385230"},"htmlText":"Aiyo","listText":"Aiyo","text":"Aiyo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014468294","repostId":1127360385,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9014573180,"gmtCreate":1649688446946,"gmtModify":1676534551623,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Apple steady&nbsp;","listText":"Apple steady&nbsp;","text":"Apple steady","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014573180","repostId":1127360385,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9014528949,"gmtCreate":1649685778575,"gmtModify":1676534550908,"author":{"id":"4101545765383330","authorId":"4101545765383330","name":"Azerone.Kee","avatar":"https://community-static.tradeup.com/news/d39387dc5f4bc64e4716bd64e398a9e2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4101545765383330","authorIdStr":"4101545765383330"},"htmlText":"Yes, when you hold a good company's share for long term, your money will grow together with that company.","listText":"Yes, when you hold a good company's share for long term, your money will grow together with that company.","text":"Yes, when you hold a good company's share for long term, your money will grow together with that company.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014528949","repostId":1127360385,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9014504371,"gmtCreate":1649679057146,"gmtModify":1676534549506,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014504371","repostId":1127360385,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":344,"commentSize":37,"repostSize":0,"favoriteSize":3,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1127360385"}