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Should You Buy Apple (AAPL)?

Should You Buy Apple (AAPL)?

Posted On November 12, 2018 3:25 pm
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Apple is catching up to rest of FANG but not in a good way. After today’s drop,  it’s down about 10% from its highs. Is this a buying opportunity? Or a sign the whole market is turning rotten?

Apple (APPL) is not only the largest component of the tech-heavy Nasdaq 100, in which it accounts for over 12% but also one of the largest influences on the price-weighted Dow Jones Industrial Average S&P 500.

Apple’s importance is not mathematical but also psychological for a wide swath of investor sentiment.  It’s owned in both growth and value funds, dividend and buyback funds, tech sector funds and consumer-driven strategies. Needless to say, it’ll be the stock to watch as November grinds on.

After initially holding up better than its FANG brethren during a brutal October, Apple is now also in full correction mode…

Continue reading at STOCKNEWS.com

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.