Apple Inc. (AAPL): How Low Could The Stock Go?
Chris Hill: The following video is from Wednesday’s Investor Beat, in which host Chris Hill and analysts Jason Moser and Charly Travers dissect the hardest-hitting investing stories of the day.
Shares of Apple Inc. (NASDAQ:AAPL) fell more than 5% on Wednesday in the wake of bad news from one of its suppliers. Cirrus Logic (NASDAQ:CRUS) warned that revenues would be weaker than expected and cited a “decreased forecast for a high volume product.” Does the Cirrus Logic warning point to big problems for Apple? Can Apple reverse the slide in its stock? In this installment of Investor Beat, our analysts discuss the future of Apple.
There’s no doubt that Apple is at the center of technology’s largest revolution ever and that longtime shareholders have been handsomely rewarded, with more than 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool’s senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple and what opportunities are left for the company (and your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.
Related ETF: Technology Select Sector SPDR (NYSEARCA:XLK)
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