Company Of The Day: Apple
What?
Apple (NASDAQ:AAPL) stock closed at near-all time highs of about $149 per share in Monday’s trading, ahead of the company’s Q3 FY’21 earnings report which is due Tuesday. The company is now valued at almost $2.5 trillion.
Why?
- Down 10% This Year, Will Gen AI Tools Help Apple Stock Recover?
- Down 5% Over The Last Month, Will Strong iPhone Sales Help Apple Offset Mac Headwinds In Q1?
- After Over A 40% Rally In 2023, Will Antitrust And iPhone Issues Hurt Apple Stock?
- Up 45% Since The Beginning Of 2023, Where Is Apple Stock Headed?
- Up 34% This Year, Will Apple Stock Rally Further Following Q4 Results?
- Will New iPhones Help Apple Stock Offset A China Slump?
Investors expect Apple’s earnings to grow, driven by the 5G iPhones and the ongoing work-from-home trend which is resulting in solid demand for tablets and personal computers.
So What?
We think a potentially strong set of Q3 FY’21 earnings are already priced into Apple stock, which trades at a relatively rich valuation compared to historical levels (about 29x projected FY’21 earnings).
See Our Complete Analysis For Apple
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