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Crusty21
2024-01-05

Great ariticle, would you like to share it?

Sour Apples? Despite Second Downgrade of 2024, AAPL Stock Could Still Be a Buy.

Apple has been hit hard with two analyst downgrades early in 2024. However, wise investors will still take a bite out of AAPL stock.

Sour Apples? Despite Second Downgrade of 2024, AAPL Stock Could Still Be a Buy.

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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Despite Second Downgrade of 2024, AAPL Stock Could Still Be a Buy.","url":"https://stock-news.laohu8.com/highlight/detail?id=2401341431","media":"InvestorPlace","summary":"Apple has been hit hard with two analyst downgrades early in 2024. However, wise investors will still take a bite out of AAPL stock.","content":"<div>\n<p>Apple (NASDAQ: AAPL), the most valuable company on the planet, is off to a rough start this year. Shares fell more than 1% Thursday. The maker of iEverything has now slid 2% already in 2024. 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Despite Second Downgrade of 2024, AAPL Stock Could Still Be a Buy.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-05 12:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/01/sour-apples-despite-second-downgrade-of-2024-aapl-stock-could-still-be-a-buy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (NASDAQ: AAPL), the most valuable company on the planet, is off to a rough start this year. Shares fell more than 1% Thursday. The maker of iEverything has now slid 2% already in 2024. The stock...</p>\n\n<a href=\"https://investorplace.com/2024/01/sour-apples-despite-second-downgrade-of-2024-aapl-stock-could-still-be-a-buy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0971096721.USD":"富达环球金融服务 A","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4141":"半导体产品","BK4512":"苹果概念","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","AAPL":"苹果","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4576":"AR","BK4571":"数字音乐概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4176":"多领域控股","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4515":"5G概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC"},"source_url":"https://investorplace.com/2024/01/sour-apples-despite-second-downgrade-of-2024-aapl-stock-could-still-be-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2401341431","content_text":"Apple (NASDAQ: AAPL), the most valuable company on the planet, is off to a rough start this year. Shares fell more than 1% Thursday. The maker of iEverything has now slid 2% already in 2024. The stock fell on the last trading day of 2023 too, so it’s on a four-day losing streak.What’s going on? After a nearly 50% surge last year, Wall Street is starting to wonder if the stock might be a little overheated. Analysts at Barclays and Piper Sandler downgraded Apple shares this week.Piper Sandler Sours on ApplePiper Sandler’s Harsh Kumar wrote in a report that Apple’s valuation is above its 5-year average. That’s a problem given that he is “concerned about handset inventories” and worried that growth rates may have “peaked” for iPhone sales. Apple generates more than half its revenue from the iPhone, so this is a major worry. Kumar also cited a weakening economic backdrop in China as a concern for Apple. And that’s an issue for the whole smartphone ecosystem. Kumar also downgraded leading mobile chip suppliers Skyworks Solutions (NASDAQ: SWKS) and Qorvo (NASDAQ: QRVO).To be sure, jitters about valuations and the global economy are problems for the whole tech sector. Apple isn’t the only member of the Magnificent Seven taking a breather this week. Shares of the other six are all in the red this year, as is the Nasdaq. But Apple is souring investors with so much negative attention.  Still, investors may want to consider buying the dip.Apple, despite concerns about lackluster demand for the iPhone 15, is likely to report solid sales and earnings growth for this fiscal year and in 2025. And even though the valuation may be higher than its historical average, shares are still not too expensive compared to other tech stocks, trading at 25 times earnings estimates for its next fiscal year. It’s also worth noting that Apple continues to buy back stock and pay a healthy, growing dividend that yields about 0.5%. What’s more, Apple is sitting on a giant mountain of cash: $162.1 billion as of the end of September. Those are just some reasons that Warren Buffett loves the stock; it remains Berkshire Hathaway’s (NYSE: BRK-A, NYSE: BRK-B) largest holding.And despite the two downgrades this week, most of Wall Street still adores Apple. 22 of the 31 sell-siders who cover the stock have it rated a “buy.”The Bottom LineYes, the iPhone may be close to maturing. But Apple bulls are hoping that the company’s upcoming Vision Pro AR headset could be the next big thing for the company. Remember, Apple doubters have been consistently wrong about the stock over the past few decades. Skeptics used to write off Apple as a second-tier computer maker when Steve Jobs was still alive since Macs had a lower market share than PCs running Windows. But with the creation of the iPod, iTunes music store, iPhone, iPad, Apple Watch and subscription services like Apple Music, iCloud, and Apple TV+, the company has proven under Tim Cook to be more than a one-trick pony.That’s why the company is worth nearly $3 trillion and could keep growing.","news_type":1,"symbols_score_info":{"AAPL":1.1}},"isVote":1,"tweetType":1,"viewCount":506,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":36,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}