Apple Inc. (AAPL): A Tech Giant With A Lot Of Upside Left

Apple stock rose four out of five years in both the six-month and 12-month categories, with the iPhone 5 in 2012 being the exception.

So investors who bought AAPL stock in the week before an iPhone launch squeezed out a bit more profit than those who waited until after the Apple event.

Apple stock has had a volatile year so far. It rose more than 20% in the first two months of 2015 but has lost about 17% since mid-July.

Last week, the Apple stock chart formed a death cross – normally a bearish indicator.

The last two times AAPL had a death cross, it fell 38% (in 2008) and 27% (in 2012) in the following months.

So far, though, Apple stock is only down a few percentage points – in line with the overall stock market decline.

But whether market weakness and the death cross cause AAPL to fall, or the new iPhone sparks a fresh rally, Apple stock will, in the long run, continue its advance.

The company simply has too many catalysts.

“Apple’s disruptive, dominating position in China and around the globe will bring incredible profits over the months and years to come,” said Money Morning Defense & Tech Specialist Michael Robinson, who has a price target of $142.85 on Apple stock.

“This is a tech giant with a lot of upside left.”

Money MorningWritten By David Zeiler From Money Morning

We’re in the midst of the greatest investing boom in almost 60  years.  And rest assured – this boom is not about to end anytime soon.  You see, the flattening of the world continues to spawn new markets  worth trillions of dollars new customers that measure in the billions;  an insatiable global demand for basic resources that’s growing   exponentially; and a technological revolution even in the most distant  markets on the planet.  And Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. In fact,  we believe this is where the only real fortunes will be made in the  months and years to come.

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