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2022-06-27

The stock market has gotten crushed in 2022. The tech-heavy Nasdaq Composite index has plunged 28% year to date, even after the largely positive week of trading on July 20-24.

This drop has brought shares of a few companies down to extremely appealing levels. Apple, Coupang, and Airbnb have all fallen to the point where shares are begging to be bought, and with these three stocks, investors should consider doing just that.

1. Apple

Apple might not excite many investors because of its $2.25 trillion market cap, especially considering its saturation in the smartphone space. Some estimates put Apple's Q1 2022 smartphone market share in North America at a staggering 51%, which leaves little room for growth.

However, Apple's potential isn't tapped out. Its wearables division has the opportunity to increase the value of its watches for consumers, which could dramatically boost demand and revenue. One way Apple is doing this is by integrating health features into the Watch. The tech titan already has heart rate, blood oxygen, and fall-detection monitors on its current Watches, but it could offer non-invasive blood glucose and sleep tracking features in the future.

Considering Apple's wearables division represented only 9% of total revenue in its second fiscal quarter, which ended March 26, 2022, there's a lot of room to grow this segment if these features can improve the value and demand for its wearables.

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

  • Smash
    2022-06-27
    Smash
    going sour more
  • WernerBilly
    2022-06-27
    WernerBilly
    LOL! Maybe gonna be a massive pullback for apple this week.
  • EvanHolt
    2022-06-28
    EvanHolt
    Nice post, I will share it with others.
  • sugizoi4u
    2022-06-27
    sugizoi4u
    Thanks for sharing
  • WendyDelia
    2022-06-27
    WendyDelia
    We should find a good position to hold Apple
  • bluefun
    2022-06-27
    bluefun
    Wow
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