AAPL- The Big Tech Stock Wall Street Keeps Getting WRONG
I am well aware that I sound like a broken record. But Apple Inc. (AAPL) is most dangerous when people write it off like they did when shares sank to around $172 in April – and I told you in no uncertain terms it was a buy, says Keith Fitz-Gerald, editor of 5 With Fitz.
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Last week, AAPL hit $270, a 57% run higher. And its latest earnings have me grinning ear to ear. Not because the numbers were good…but because they were “Apple good.”
Apple Inc. (AAPL)
Let’s review:
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Revenue: $102.5 billion, up 8% year over year
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Net income: $27.5 billion, or $1.85 per share (vs. $1.64 adjusted a year ago)
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Gross margin: 47.2% — up again
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iPhone: $49 billion, a record September quarter
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Services: $28.7 billion — an all-time high
Wall Street’s spreadsheet gang still doesn’t get it. Good! That means an even better opportunity to pick up more shares on the “cheap” before they do.
Apple is still one of the most underrecognized AI choices on the planet, if not the most underappreciated, in my humble opinion.
There are only two things you’ve got to get right as an investor, especially when it comes to a stock like Apple. First, you’ve got to buy the world’s best companies when nobody wants ‘em and sell when others can’t resist buying. And second, keep risk as low as possible at all times by using tactics that keep the odds in your favor.
See also: Silver: No, the Bull Market is NOT Over!
If you have no idea what I’ve just said or how to go about doing it, know that’s a totally fixable problem. You’re not alone – every investor starts somewhere. I did, too.
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