Want to Buy Apple Stock in 2024? Here’s Why You Should Wait

InvestorPlace01-04

Apple (AAPL) soared nearly 54% during 2023, but shares have been pulling back since December, and investors are looking for any excuse to sell/take profit.This could continue in the near-term, yet ...

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Here’s Why You Should Wait\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-04 13:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/01/want-to-buy-apple-stock-in-2024-heres-why-you-should-wait/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (AAPL) soared nearly 54% during 2023, but shares have been pulling back since December, and investors are looking for any excuse to sell/take profit.This could continue in the near-term, yet ...</p>\n\n<a href=\"https://investorplace.com/2024/01/want-to-buy-apple-stock-in-2024-heres-why-you-should-wait/\">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":"BK4507","symbol_name":"流媒体概念","start_time":0,"source_url":"https://investorplace.com/2024/01/want-to-buy-apple-stock-in-2024-heres-why-you-should-wait/","article_id":"2400982907","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2400982907","pubTimestamp":1704347560,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"AAPL stock has pulled back in recent weeks, and this slide may continue, as the market looks for reasons to sell rather than to let it ride.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4576":"AR","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4527":"明星科技股","BK4501":"段永平概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4579":"人工智能","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4588":"碎股","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4574":"无人驾驶","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4581":"高盛持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4585":"ETF&股票定投概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4170":"电脑硬件、储存设备及电脑周边","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","AAPL":"苹果","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4592":"伊斯兰概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4553":"喜马拉雅资本持仓","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC"},"translate_title":"想在2024年买苹果股票？这就是为什么你应该等待","themeId":"0b6ff676e0fb47acb494889770087876","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1},"content_text":"Apple (AAPL) soared nearly 54% during 2023, but shares have been pulling back since December, and investors are looking for any excuse to sell/take profit.This could continue in the near-term, yet there is a silver lining.The opportunity to lock down a long-term AAPL stock position at a more reasonable price may emerge.Shares in “Magnificent Seven” component Apple (NASDAQ: AAPL) stock surged by nearly 54% during 2023. However, a growing number of stockholders have made an exit. After hitting a new all-time high in mid-December, AAPL pulled back slightly. The market has been using various developments and discussion about the company as an excuse to take profits.This may continue in the near-term, as concerns keep rising. Let’s take a closer look at AAPL, the reasons behind its recent round of weakness, and the best way to play this to your advantage.AAPL Stock: Santa Claus Rally, New Year’s DipFrom late October through the middle of last month, tech stocks rallied, and Apple was no exception. The “Magnificent Seven” and big tech stocks performed well due to increased confidence in the “Fed Pivot” thesis.Recent developments indicate a strong chance rates are in fact coming down during 2024. This of course bodes well for big tech names AAPL stock. Lower interest rates justify higher forward earning multiples. Lower rates also are a positive for consumer demand/growth.Yet since AAPL’s Santa Claus rally, two factors have started to place pressure once again, resulting in a New Year’s dip for shares. First, while low rates are good news for valuation/growth, the market may have gone overboard. At least, that is the view of some commentators, who argue that AAPL is pricey at nearly 30 times forward earnings.Apple has also had to contend with a company-specific headwind. That would be a patent dispute involving its line of smartwatches. The import ban related to this dispute is on hold and a resolution could be forthcoming.More Near-Term Pain, but a Pathway to Profits Hasn’t Gone AwayAs mentioned above, AAPL stock could stay under pressure in the weeks/months ahead. Besides the two factors mentioned above, the macro factor fueling its late-2023 run-up could also start working against the stock.How? The latest round of economic data could cause the market to walk back some of its high confidence that a “Fed pivot” is a lock for 2024. This may mean another round of uncertainty and volatility for stocks, names most sensitive to interest rate speculation (growth names) in particular.But even as there may be some additional near-term pain, don’t assume that a path to profits with AAPL has disappeared. For instance, as Wedbush’s Dan Ives argued a few weeks back, channel checks suggest that global demand for iPhones, including in China, continues to improve.This suggests better-than-expected overall results in the coming year. Only time will determine if this factor alone can reach Ives’ price target of $257.19 per share, but it could contribute to a strong rebound later this year.The Verdict: Wait ‘Reasonable’ LevelsSo far, AAPL has only sustained single-digit losses since hitting a new all-time high. However, once it’s all said-and-done, the stock’s latest drawdown could be in the double-digit range.Maybe not a full trip back to price levels last hit at the start of 2023 (around $125 per share), but a move back to the $150-$175 per share range is very possible. At such price levels, Apple will be reasonably-priced again compared to long-term growth (forward multiple in the low-to-mid 20s).From there, the stock could rise, as confidence in the Fed pivot grows again, and Apple provides a positive surprise in the form of stronger-than-expected iPhone sales.Even if this results in sending shares back to prices below Dan Ives’ ambitious price target, this would still represent strong returns compared to my “buy zone” range. Until then, however, watch and wait with AAPL stock.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":14,"commentSize":0,"repostSize":0,"favoriteSize":0,"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":"4.24.0","shortVersion":"4.24.0","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/2400982907"}