$Apple(AAPL)$ has dipped below the 140 psychological level today. It is looking very attractive to buy the stock now.
Apple's highest stock price over the past year was 182.94 and hitting 3 Trillion dollars in market cap just briefly. Its lowest point was 122.86. According to the Financial Analysts Apple is a Buy with 80 Buy ratings, 18 Hold ratings and 1 Sell Rating.
Currently Apple stock forecast for the next 12 months is 181. The reasons being Covid lockdown in China, Supply Chain Disruption and likely slow down in the economy.
Still Apple is a solid stock to hold. It had posted a strong Q2 result. Revenue increased 9% year on year to 93.3 billion dollars. Its Basic Earnings per share is up 9% from 1.41 to 1.54. Gross margin increased by 11.8%. IPhone sales increased 5% to USD51 Billion, Mac business sales expanded by 14% and services by 17%.
I like Apple's regular share buy back program and excellent dividends. Most importantly its Free Cash Flow is strong. That means Apple can withstand the currently Bear market volatility better than those companies which don't have that buffer.
Under Tim Cook's leadership, Apple has been investing a huge amount of funds in R&D which was 23 billion dollars just last year. Apple is constantly looking at ways to increase its revenue. The latest is subscription for its iPhones. Apple has a wide brand moat and its eco system ensures a loyal customer base.
I am bullish and optimistic on $Apple(AAPL)$ and will take this golden opportunity of Bear Market to dollar cost average into it. To me $Apple(AAPL)$ is a stock that I want to keep forever just like Warren Buffett!😍😍😍🍎🍎🍎💰💰💰
@TigerEvents Earnings Season
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.
BTW, that’s the secret of Grandpa Buffet! Long live Grandpa! [Happy]