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3 Catalysts for Apple Stock in 2021

TheMotleyFool

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The NASDAQ-100 Technology Sector index has more than doubled the return of the S&P 500 index over both the last one- and five-year periods, but Apple (NASDAQ: AAPL) has remained among the cream of the crop, surging roughly 84% so far in 2020 and about 405% over the last five years.

Those heady gains put Apple's stock price at a premium valuation of 34 times forward earnings estimates, which looks expensive compared with a forward price-to-earnings multiple of 24 for the S&P 500.

However, Apple is currently entering one of its strongest product cycles in years, which could keep the business humming along and justify the stock's premium. Here are three growth catalysts to watch in 2021.

Source Fool.com

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