Apple Stock To Crumble Along With S&P 500, Says One Expert

TheStreet2021-09-17

Famed portfolio manager Dan Niles thinks that Apple stock is going down, as the broad market corrects up to 20%. Could his bearishness come to fruition? Apple stock is about to take a dive alongside ...

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Comments

RichyRick
2021-09-18
RichyRick
Is normal to have correction but i will come back strong again
- GANCL:
  Yes
- ZEROHERO:
  Short term traders alert but good news for long term investors
lee1234
2021-09-17
lee1234
Like
Samuel.L
2021-09-17
Samuel.L
Nope
- Samuel.L:
  Ok
JunHaoT
2021-09-17
JunHaoT
Buy on dip
boonk
2021-09-17
boonk
Buy on dip
- JunHaoT:
  Yes
ahleemama
2021-09-17
ahleemama
Short now

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Could his bearishness come to fruition?\nApple stock is about to take a dive alongside ...</p>\n\n<a href=\"https://www.thestreet.com/apple/news/apple-stock-to-crumble-along-with-s-p-500-says-one-expert\">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/news/apple-stock-to-crumble-along-with-s-p-500-says-one-expert","article_id":"1160944962","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160944962","pubTimestamp":1631881684,"sourceInfo":null,"weMediaInfo":null,"summary":"Famed portfolio manager Dan Niles thinks that Apple stock is going down, as the broad market correct","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"一位专家表示，苹果股市将与标普500一起崩溃","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"Famed portfolio manager Dan Niles thinks that Apple stock is going down, as the broad market corrects up to 20%. Could his bearishness come to fruition?\nApple stock is about to take a dive alongside the rest of the market. At least this is what Satori Fund’s portfolio manager Dan Niles believes in, as he unveiled his short position on AAPL during a CNBC interview earlier this week.\nToday, the Apple Maven looks at the bearish case and assesses whether Dan’s concerns might have merits.\nFigure 1: Dan Niles interview on Squawk Box CNBC.\nAAPL: pressure from all sides\nDan Niles’ list of reasons why Apple stock and the S&P 500 will likely dip is long. It all starts with an assessment of the Cupertino company’s share price behavior, following the September 14 announcement of the iPhone 13.\nAccording to Mr. Niles, AAPL tends to succumb to sell-the-news pressures around this time of the year. His observation is well founded. The chart below,provided by Stock Rover, shows that Apple stock has underperformed the S&P 500 the most in the last few months of the year, at least over the past decade.\nFigure 2: AAPL average monthly return vs. S&P (seasonality).\nStill on short term performance, the portfolio manager thinks that Apple stock is priced too aggressively ahead of what he believes will be tough COVID-19 comps. Apple delivered outstanding results during and right after the holiday period last year, as the chart below depicts. Topping such performance will be hard, if not nearly impossible.\nFigure 3: AAPL total revenue growth.\nOn this topic, experts seem to be split between a bullish majority and a bearish minority. Wedbush’s Dan Ives, for example, would likely disagree with Dan Niles. 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Equities have endured the headwinds very well through several months in 2021 so far, which I take as a positive sign that any potential worry may have already been priced in.\nThis is not to say, of course, that risks should be dismissed. 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