1 Top Stock to Buy for 2023 and Beyond
With Apple (NASDAQ: AAPL) shares pulling back more than 12% over the past 30 days as of this writing, now is a good time to take a closer look at the stock. Many investors are probably wondering: Is this decline a sign of a poor investment, or is this a buying opportunity?
A closer look at the tech company and its stock's valuation reveals that shares are priced attractively after a sharp pullback. Here's why investors may want to consider buying some shares of the tech stock while they're trading at this level.
First, it's always helpful to know why shares are trading lower. The stock's recent retreat seems to be driven by two main factors: macroeconomic uncertainty that has weighed on the overall stock market and a recent statement from Apple saying that COVID-19-related government restrictions in China have pressured iPhone 14 Pro and iPhone 14 Pro Max shipments.
Source Fool.com
