From Nasdaq: 2024-04-01 14:10:00

Apple stock is the only one down YTD among iconic tech companies like Nvidia, Microsoft, and Meta. Challenges include a struggling Chinese consumer economy and DOJ scrutiny. Despite this, there are reasons for optimism: strong consumer sentiment, a growing Services segment, and robust return of capital to shareholders. The stock trades at a P/E ratio of 26.7, near its averages. Interested investors should buy slowly to take advantage of price dips. Apple Vision Pro, the latest wearable tech innovation, could provide another revenue stream. The Motley Fool Stock Advisor team has identified 10 other stocks they believe could produce significant returns in the coming years, making Apple not a top pick for investment currently.



Read more at Nasdaq: 1 Magnificent S&P Dividend Stock Down 12% to Buy and Hold Forever