Why I Bought the Dip in Apple Stock – and You Should, Too

InvestorPlace04-16

Apple (AAPL) is a blue chip stock you buy for safety. Its AI strategy is based on control of its supply chain and ecosystem. Don’t bet against it, unless some glad-handing marketer succeeds Tim Cook. ...

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2427882834?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-16 19:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2427882834","market":"us","top_or_hot":-1,"title":"Why I Bought the Dip in Apple Stock – and You Should, Too","media":"InvestorPlace","content":"<div>\n<p>Apple (AAPL) is a blue chip stock you buy for safety.\nIts AI strategy is based on control of its supply chain and ecosystem.\nDon’t bet against it, unless some glad-handing marketer succeeds Tim Cook.\n...</p>\n\n<a href=\"https://investorplace.com/2024/04/why-i-bought-the-dip-in-apple-stock-and-you-should-too/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","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>Why I Bought the Dip in Apple Stock – and You Should, Too</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\">\nWhy I Bought the Dip in Apple Stock – and You Should, Too\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-16 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/why-i-bought-the-dip-in-apple-stock-and-you-should-too/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (AAPL) is a blue chip stock you buy for safety.\nIts AI strategy is based on control of its supply chain and ecosystem.\nDon’t bet against it, unless some glad-handing marketer succeeds Tim Cook.\n...</p>\n\n<a href=\"https://investorplace.com/2024/04/why-i-bought-the-dip-in-apple-stock-and-you-should-too/\">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":"QID","symbol_name":"纳指两倍做空ETF","start_time":0,"source_url":"https://investorplace.com/2024/04/why-i-bought-the-dip-in-apple-stock-and-you-should-too/","article_id":"2427882834","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427882834","pubTimestamp":1713266420,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Apple stock will control its AI supply chain, fend off the government regulators, and push the envelope of what computers can do.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QID":"纳指两倍做空ETF","GOOGL":"谷歌A","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","BK4548":"巴美列捷福持仓",".IXIC":"NASDAQ Composite","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IBM":"IBM","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","TQQQ":"纳指三倍做多ETF","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","TSLA":"特斯拉","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4554":"元宇宙及AR概念","AAPL":"苹果","PSQ":"纳指反向ETF","BK4553":"喜马拉雅资本持仓","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","MSFT":"微软","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","TSM":"台积电","SQQQ":"纳指三倍做空ETF","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","META":"Meta Platforms","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","03145":"华夏亚洲高息股","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","GOOG":"谷歌","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H"},"translate_title":"为什么我买了苹果股票——你也应该买","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSM":1,"META":1,"IBM":1,"GOOGL":1,"GOOG":1,"MSFT":1,"TSLA":1,"AAPL":1,".IXIC":0.9,"QQQ":0.6,"TQQQ":0.6,"SQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"03145":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Apple (AAPL) is a blue chip stock you buy for safety.\nIts AI strategy is based on control of its supply chain and ecosystem.\nDon’t bet against it, unless some glad-handing marketer succeeds Tim Cook.\n\n\n\n\n\n \n\nSource: askarim / Shutterstock\n\n\n\nAt the start of April, I wrote that investors looking to buy Apple stock (NASDAQ:AAPL) should wait for the dip. \nThe reason was that Apple seemed to be waiting on AI.\nSince then, the stock is up $8 per share, adding about $130 billion to its market cap. I won’t take credit, even though I was one of the buyers.\nInstead, it’s Apple’s own moves that deserve the credit. Their AI strategy is becoming clearer, and investors approve.\nThe Apple AI Strategy\nThe strategy will be formally announced at its WorldWide Developer Conference in June. It is built on its strengths in controlling the supply chain and expanding the definition of computing.\nSupply chain control means Apple designs its own chips. Taiwan Semiconductor (NYSE:TSM) just fabricates them. The Taiwanese company is getting $6.6 billion from the U.S. government to build a new factory and upgrade a second one in Arizona. That’s about 10% of what TSM itself is putting into the project. \nThe new M4 chips will have an AI focus, appearing first in the Apple Macintosh. The software they run will be the focus of the WWDC. Apple has bought over 30 small companies (so far) in pursuit of that software. \nSome of the devices the software serves may also be new. The Apple Car is out. Instead, in addition to a Watch and Vision Pro, Apple is working on a robot butler.  It will be filled with sensors and attachments to perform simple home chores. It’s likely to evolve a personality, too.\nThese devices are essential for an aging world. Immigrants are doing this work now, but even immigrants cost money. Their supply is not unlimited. Keeping people independent for longer will, in time, lower the costs of aging.\nApple Bears\nEvery fall in Apple stock brings out Apple bears, as it should.\nThe argument this time is that government will destroy the company. American and European regulators are both coming after it, especially its profitable, cloud-based services business.\nThis is not entirely a bad thing. Regulation provides a barrier to entry for other companies, securing Apple’s place on top of technology. Apple has enough money to out-man the regulators with lawyers.\nOne bear sees Apple forming a “double top” chart pattern at about $200 per share. In the near term, this seems reasonable. It’s going to take time, and capital, for Apple to create a new mass market.\nWhen it does, however, it’s hard to see how any rival can compete with it. Instead, expect a lot of point solutions, like the Alphabet (NASDAQ:GOOGL, NASDAQ, NASDAQ:GOOG) FitBit watch, the Meta Platforms (NASDAQ:META) Quest headset, and whatever silly robot Tesla (NASDAQ:TSLA) is cooking up.\nThe size of the markets, and the societal implications of these tools working together, make regulation essential. But most regulation isn’t the win-or-lose confrontation ideologues make it out to be. In most cases it consists of oversight and negotiation. That’s another ecosystem Apple will pioneer.\nThe Bottom Line\nTim Cook has transformed Apple from Steve Jobs’ growth stock into the ultimate blue chip.\nApple stock is no longer a speculation. It’s a stock you accumulate on weakness, accumulate slowly, and hold for years. It’s what International Business Machines (NYSE:IBM) was when I was a kid in the 1960s.\nThere is a warning there. In the 1970s, IBM put marketers on top and neglected the technology that made them unique. It dictated to customers instead of working alongside them.\nThe same could happen to Apple as well, after Tim Cook retires. If his successor is a lawyer or a marketer, I may change my tune on Apple stock. It needs to be an engineer focused on solving problems alongside customers. Someone like Microsoft (NASDAQ:MSFT) CEO Satya Nadella. Succession is the biggest risk in Apple stock today.\nAs of this writing, Dana Blankenhorn had a LONG position in AAPL, MSFT, TSM, and GOOGL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nDana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com, tweet him at @danablankenhorn, or subscribe to his free Substack newsletter.\nDana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Tweet him at @danablankenhorn, connect with him on  Mastodon or subscribe to his Substack.Artificial Intelligence, Cloud, Semiconductor, Software, TechnologyBlue-Chip Stocks \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/why-i-bought-the-dip-in-apple-stock-and-you-should-too/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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":"4.22.4","shortVersion":"4.22.4","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/2427882834"}