It's Time to Load Up on Apple Stock
Following the tech-heavy 's pullback last week, featuring four consecutive trading days of negative returns, many investors may be planning to sell stocks and buy less risky assets like short-term treasury bonds. After all, T-bills with a year or less time horizon are currently yielding more than 5%. That's a compelling alternative to stocks.
While it always makes sense to have some cash, cash equivalents, and lower-risk investments in a portfolio, this may not be the time to double down on cash, despite the attractive yields in T-bills. Indeed, August's decline has already surfaced some great opportunities. Take (NASDAQ: AAPL) stock, for instance. The iPhone maker's shares have pulled back 10%.
Though it's impossible to know when the bottom of any stock's pullback will be, one thing is clear: the decline has made the tech stock look compelling again.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 3.71% for Apple Inc. compared to the current price of 200.55 €.
