Apple stock looks ripe for buying
The market has sold off, and some high-quality names — like the world’s most valuable company, Apple — look ripe for buying.Jacob Sonenshine for Barron’s: Apple stock is down about 12% from its high for the year, and now trades at about 26 times analyst’s estimates for earnings per share over the next 12 months, down from a 2023 peak of about 30 times. Even though that’s above the S&P 500’s 18 times, earnings growth over the next
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