๐๐๐Apple is my pick for World Cup Stock Top Gainer ๐๐๐
๐๐๐$Apple(AAPL)$
๐๐๐Apple is my pick for World Cup Stock Top Gainer as it is the strongest and largest company in the US by market capitalisation at USD 2.26 Trillion. It is the World's Most Valuable Company in 2022.
What is Apple's secret sauce of success? Why does Warren Buffett called Apple "probably the best business I know in the world "?
I believe it is a combination of factors. Firstly Apple has a wide brand moat and an ecosystem that makes it difficult for a consumer to switch easily.
Apple had generated a whopping USD 99.8 billion on net income and USD111.4 billion in free cash flow over the last 12 months. That is up from USD 57.4 billion and USD 73.4 billion from the previous year.
Apple's excellent financial performance is due to a simple business model. Apple makes and sells its popular iPhones, Macs, iPads and wearable devices. It then sells an plethora of services to its huge base of users.
Together these electronic devices and services form a vast ecosystem that is rather sticky. Once an Apple customer, always an Apple customer as it is difficult to switch. Even though Apple is a Tech stock, it is almost like anutility business - one with dependable, recurring revenue and reliable cash flow.
Like the best utility stock, Apple is rewarding its shareholders with a steadily rising dividend income stream and bountiful stock buybacks, both of which help to bolster its share price.
But I believe that the most important reason for Apple's phenomenal success is its management team under Tim Cook. Apple has demonstrated its ability to manage its business effectively despite challenging operating environment.
The huge demand for the latest iPhones and other products will ensure a steady stream of revenue for Apple.
Even though Apple faces issues in production recently in China, I believe that Apple will be able to bounce back and continues its exponential growth ahead.
Wall Street Analysts agree with me as they have rated Apple as a Strong Buy with a median target price of USD176, an upside of 24% in the next 12 months.
In the short term, Apple share price may face volatility but with a long term horizon, Apple will be the stock to reward its shareholders most generously.
Have great products makes a company interesting. Being able to focus on its strength of managing its business, makes Apple the most valuable company in the world. Now that is the secret sauce of Apple 's success and that is why I pick Apple as the Top Stock for World Cup. ๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐
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.
Great ariticle, would you like to share it?