AAPL- No, it's Best Days are NOT Behind It

Posted By: ndeeney

Thanks to a boom in tech stocks that was sparked by NVIDIA’s (NVDA) stunning earnings call a few weeks ago, investors have certainly been given a lot more reasons to sing rather than cry lately. As for Apple (AAPL), if I had a nickel for every time I have been asked “Why do you still own Apple – aren’t its best days behind it?” over the years, I would be retired by now, shares Nate Pile, editor of Nate’s Notes.

See also: BGRFX: A Growth Fund Benefitting from Persistent Tech Strength

Naturally, the market’s move higher has left investors wondering what to do next. First off, I want to point out that all five of the major indices I use to gauge the health of the overall market are continuing to flash “bull market” signals for us. Consequently, I am once again encouraging you to remain as fully invested as you can comfortably be while still sleeping easy at night when it comes to positioning your portfolio.

While there is certainly a possibility that things will get “crazy stupid” before all is said and done (and we can only hope that they do, as it is during such market frenzies that we often get to make the most money), the fact of the matter is that the current situation is not even close to what we saw as the dotcom bubble was reaching its peak back in late 1999 and early 2000.

As for Apple, yes, I think Apple’s new headset will both a) come down dramatically in price and b) become a significant contributor to the company’s bottom line as time goes by. So, no, I do not believe Apple “laid an egg” with its introduction recently.

And while it’s possible Apple will mismanage this opportunity, I believe the odds are extremely good that it will instead end up being one of the dominant players in the space.

See also: TDIV: A Higher-Yielding Way to Profit from Tech Sector Strength

Meanwhile, Apple’s stock has continued to climb in a very linear and orderly fashion…and, while I am in no way complaining about the price action, I have to admit that it does give me some pause for concern that the stock has not really gone through any meaningful consolidation periods yet as part of the rally it has experienced.

That being said, because we already locked in some profits last month, I am content just sitting tight this month. AAPL is a strong buy under $150 and a buy under $175.

Recommended Action: Buy AAPL.

More From MoneyShow.com:

wealthcreationinvesting.com is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of wealthcreationinvesting.com are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

The sender of this email makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of wealthcreationinvesting.com websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.

Disclaimer: Past performance is no guarantee of future performance. This product is for educational purposes only. Practical application of the products herein are at your own risk and wealthcreationinvesting.com, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Any trades shown are hypothetical example and do not represent actual trades. Actual results may differ. Nothing here in constitutes a recommendation respecting the particular security illustrated.