Ashton Invests
Long-Term Equity Investor, Fundamental Stock Research
Apple is a safe haven amid AI-stock volatility and will gain momentum if it persists over the next two weeks through the midterms. New products and another defensive day bring a momentum push toward $358, then $367 in November closer. x.comÂ
Apple's balance sheet and lack of spend keep a bid under its stock whether the market rises or falls. That bid gets stronger with foldable phones that break. x.comÂ
Apple's roughly 40 times trailing and 37 times forward earnings make the shares too expensive ahead of next week's results. A short looks reasonable, though a sell-the-news reaction after earnings remains uncertain. x.com x.comÂ
Apple's sweeping price increases deliver the revenue-growth bull case. It is raising prices on current and even years-old products, refurbished units included, such as a 30% bump on the 2019 HomePod mini, and the iPhone 18 looks set for a $200+ increase. How demand responds is uncertain: people may keep devices longer, and if volumes nosedive Apple will likely add some forced obsolescence. x.com x.com x.com x.com x.com x.com x.comÂ
Apple's new iPhone Duo will be a hit, setting the stock up for a move. x.comÂ
Apple's growth valuation gives too much credit to a $2,000 folding iPhone and a touchscreen MacBook. Its 36.16 forward P/E and 3.54 PEG are higher than recent readings over the past two years, making this a point to take serious profits. x.comÂ
Apple will keep hitting all-time highs because it makes money off Alphabet and both companies capture a return on that relationship, so negative takes on Siri AI, like @anandragn's, can be ignored. The near term is uncertain. x.comÂ
Apple is a buy now on a strong holiday quarter ahead, its trusted brand and deep ecosystem integration, momentum from the foldable iPhone and an underrated future AI opportunity. x.comÂ
Apple's roughly 35x forward earnings premium looks unsustainable. If fear around the AI trade fades, its gains could stall or reverse. x.com x.comÂ
Apple will likely report its biggest sales ever in Q4 earnings and the stock should rip, even though the new foldable iPhone looks absolutely gross. x.comÂ