Question: Why Should I Buy Apple Stock?

Is it good to buy Apple stock?

Apple (NASDAQ:AAPL), which has always been a favorite name of many investors, has declined by about 25% from its recent high of $327.85.

However, I believe that it’s still too early to consider buying Apple stock.

Apple is an excellent stock.

But the company is facing near-term problems.

Why Apple is a good investment?

With strong financials and a solid user base, the company is in great shape to be able to do well, even in the midst of more challenging economic conditions. For these reasons, along with the stock being well-priced, Apple could be a great option for risk-averse investors looking for a safe buy.

Should I buy or sell Apple stock?

Style Scorecard

Zacks RankDefinitionAnnualized Return
1Strong Buy24.13%

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Why has Apple stock gone up?

Apple stock has doubled since the start of 2019.

Driving the stock higher has been anticipation of a rebound in iPhone sales when the first 5G models are launched later this year, as well better-than-expected iPhone 11 demand and enthusiasm about the company’s services and wearables segments.