Apple / AAPL - short term outlook
$Apple(AAPL.US$ Unless you have been living under a rock you have watched Apples insane run up the past few weeks. In the past month Apple has increased 20.7% with Fridays close.
Apple is sitting on a lot of cash, inflation is here, interest hikes are in the distance, AR and EV rumors have been mentioned, price upgrades have been released, Apples super cycle is clearly underway..
Where does Apple seem to be heading from your experience? Are we in for some more short term upside as the holiday quarter continues into earnings late January? Will Apple lose steam and stabilize a bit lower? Or maybe Apple and the other high fliers in a volatile market will soon catch up to the broader market?
Is 3 trillion coming soon? What do you think?!
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Nalini : I am just gonna hold forever though.
Enlly : Apple is a saving account, people will put extra money in it, keep holding it and wait for retirement.
calm Alpaca102 : icon dude!
Evelynne : $Apple (AAPL.US)$ Gene Munster, a very well known Apple bull, had been saying target 200. He now says it was a bit conservative. he believes 35 forward PE is starting fair value. That’s about stock price 210.