Trade Alert

Buying Apple on dips

_{Posted by Club Member Arthur de Wise 8.12.23}

Buying Apple on dips between now at its WWDC conference in June 2024 could be a great trade

Apple bears often cite its expensive valuation and slowing growth for having a negative view on the stock

I personally don’t take issue with its valuation, I think Apple is a premium company that deserves a premium valuation, and 2024 could see topline growth figures reaccelerate just from having easier year-over-year sales comps

Most importantly, Apple is the last of the Magnificent 7 that is yet to announce its AI strategy

Apple has been very quiet on this, leaving investors to wonder if they have missed the AI train entirely?

I just don’t see Apple seating this new “AI technology trend” out. I think they will likely showcase their AI initiatives in the WWDC conference in June 2024

Just this week, we saw Alphabet and AMD popped 5%-10% in a day, after announcing their latest AI products. I see the markets having similar reactions when Apple makes its announcement

Next year, the narrative surrounding a reaccelerating topline and new AI services should see investors getting behind Apple and chasing the stock higher

View Comments - Join the discussion for this trade!  

#Apple #New Ideas

Recent Posts: Trade update: Closed my Uber position at $58. Up 29%

For more trade ideas visit the Daily Market Exchange.

Subscribe to receive more Trade Alerts.

About Us

The Daily Market Exchange is a global investment network.

It is a forum for elite market participants to exchange investment ideas and market views.

It is a platform for investors to collaborate and a hub for traders to share strategies.

Stock selection is hard, market timing harder so. Why do it alone?

Our members benefit from the network’s collective market insight and experience.

Have a stock idea, but not confident with your research to pull the trigger? Join our network and discuss your investment thesis with other members. Benefit from their sector experience and perspectives!

Struggling to find new investment ideas for your portfolio? Join our network and tap into our members’ latest ideas and research!