Six reasons to be bullish on Apple

ChristKitto
08-27

$Apple(AAPL)$ Six reasons to be bullish on Apple, including:

1. Buffet sold during the 2nd quarter, averaged about $210-$220 per share. Nothing happened to the stock then, and aside from a one day drop when the sale was announced on Aug. 5, Apple pulled back up quickly and now sits above where Buffet sold at, suggests plenty of buyers still there.

2. Production move to India was to create product Made in India for the Indian domestic market. Apple has successfully made more and more product there, enough for domestic market and now enough to also export to other countries. Despite some early learning pains, production is continuing to expand with Apple’s expected level of quality. Labor may be India locals but methods and training are Chinese like Foxconn and Luxshare. As India Market continues to grow, Apple will have quality product for it and other markets. India production has already expanded to 15% of total capacity.

3. CFO and C-Suite changes all the time in every business. Apple has much better succession planning than most. If Tim, Luca, and the Board trust Parekh, and his qualifications, then we can too.

4. High PE multiple - that’s the market, they believe in Apple’s strengths and ability to monetize consumer AI as well as push Mac, iPad and wearable.

5. Huge AI hype - you might be closer but Apple has more hits than misses and knows what they are doing.

6. Plenty of funds pulled out of AAPL waiting for more info or data on AAPL’s Q1 2025. If sales and revenues are strong and solid, they’ll be back.

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.

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