Been waiting a time for this trade: AAPL LONG
I'm watching a major support line in AAPL stock at this juncture.
50-month moving average @92.80
The closing high from the last uptrend in AAPL, back in Sept 2013 @95.30
Lower Bollinger Band (from 20-month rolling 2 std bands) @90.9194
I'm long AAPL @94.87 as I believe the 10.52 P/E and the 2.42% dividend yield are a very good reward for taking the risk of Apple, a consumer-discretionary giant that although missing some growth of late, it's a trading at a whopping 32% discount to the Bloomberg consensus analyst fair value estimate, based on today's close. We all know AAPL holds a lot of value for its high-10-digit annual free cash flow, tremendous brand value, its AA+ consensus credit rating, market leader status, etc. If Tim Cook is able to keep the Iphone as the leader in the smartphone market for the foreseable future, factoring global growth rates alongside growth in Apple's global operations, chances are open for sustained gains for a while to come. I'm not generally bullish on the US Equity market, but this is a great shot at value in today's market.
50-month moving average @92.80
The closing high from the last uptrend in AAPL, back in Sept 2013 @95.30
Lower Bollinger Band (from 20-month rolling 2 std bands) @90.9194
I'm long AAPL @94.87 as I believe the 10.52 P/E and the 2.42% dividend yield are a very good reward for taking the risk of Apple, a consumer-discretionary giant that although missing some growth of late, it's a trading at a whopping 32% discount to the Bloomberg consensus analyst fair value estimate, based on today's close. We all know AAPL holds a lot of value for its high-10-digit annual free cash flow, tremendous brand value, its AA+ consensus credit rating, market leader status, etc. If Tim Cook is able to keep the Iphone as the leader in the smartphone market for the foreseable future, factoring global growth rates alongside growth in Apple's global operations, chances are open for sustained gains for a while to come. I'm not generally bullish on the US Equity market, but this is a great shot at value in today's market.
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