Why Apple Could Still Go Lower
@ChrisColeman：
Even AAPL stock is in a bear market, but savvy investors know bear markets pass Apple stock is now in a bear market, down 23% this year. Apple is subject to world events like any other company. If you believe that there’s a long-term future, you can still buy Apple. With Russia gobbling Ukraine, and the damage from climate change becoming obvious, it can seem hard to make a case for any stock. Even $Apple(AAPL)$.Apple crossed into bear market territory last week and was due to open at $133.35, down almost 23% for 2022. But it’s still not cheap, relative to the market. Those who step in June 13 will still pay more than 22 times last year’s earnings. The company’s market cap is still over $2.2 trillion, double its pre-pandemic high.Rather than quo