Is it safe to invest in Apple stock? (2024)

Is it safe to invest in Apple stock?

Apple shares have made for a fantastic investment over the years, climbing 817% in the last decade. And more recently, they rose 48% in 2023, beating the Nasdaq Composite.

Is it a good idea to buy Apple stock?

The best growth stocks have a Composite Rating of 90 or better. Apple is one of the Magnificent Seven stocks, which fueled the big stock market rally in 2023. Plus, Apple ranked No. 5 on IBD's 2022 100 Best ESG Companies list.

Is Apple a good place to invest in?

Apple's reputation for reliable gains, loyal user base, and substantial cash reserves make the company a no-brainer for investing in tech. It's one of the cheapest options in the industry and has delivered more five-year growth than most of these companies.

Is Apple stock a good buy in 2024?

This bull sees 'a host of tailwinds' ahead. Some of the technology sector's big 2023 winners have continued their ascents into this year, but not shares of Apple Inc. Shares of the iPhone maker were down 3% in Monday trading and they're off about 10% to start 2024.

Should I buy Microsoft or Apple stock?

Apple Inc. has long been the most valuable U.S. company, but Microsoft Corp. seems poised to overtake it. A look back at the companies' financial performance and a look ahead at expected revenue and profits make the case that Apple is no longer a growth stock and that Microsoft is the better long-term investment.

Will Apple grow in 2024?

Excellent Financial Reports. After Apple's recent earnings report, 43 analysts projected the company's 2024 revenue to come in at $388.3 billion, similar to the previous 12 months. Predicted earnings per share stood at $6.55, also consistent with last year's results.

Will Apple stock grow in 2024?

Apple (AAPL) stock outperformed in 2023 despite posting four straight quarters of declining sales. But without positive catalysts, it is likely to drop in 2024, a Wall Street analyst says.

What are the three reasons to invest in Apple?

The three reasons to buy Apple

The bulls love Apple because its customers are loyal to its brand, its services ecosystem is expanding, and it's sitting on a mountain of cash. According to a recent survey by ZipDo, 92% of iPhone users plan to stick with Apple for their next smartphone purchase.

Why is Apple stock falling?

The latest blow came Tuesday, when Counterpoint Research released a report estimating that Apple sold 24% fewer iPhones in China, the world's second-biggest economy, in the first six weeks of 2024 than in 2023. Overall smartphone sales declined 7% in the period, the report said.

What are the best stocks to invest in 2024?

Why did Warren Buffett sell Apple stock?

The sales were done purely for tax purposes. But Buffett said the decision to sell Apple shares was "probably a mistake" during Berkshire's 2021 annual meeting.

Will Apple stock go up in 5 years?

“We're bullish on Apple's prospects for the next five years, especially with the iPhone potentially gaining ground against Android as the global economy trends toward higher incomes,” said Deiya Pernas, Chartered Financial Analyst (CFA) and co-founder of Pernas Research.

How high will Apple stock be in 10 years?

Apple long term stock forecast is anticipated to be $315 in 2025, $370 in 2026, $425 in 2027, $465 in 2028, and $480 in 2029. In 2030, analysts anticipate Apple shares will be worth $510.

Is Apple still a growth stock?

Apple stock looks expensive, given the sluggish earnings growth expected for 2024. In fact, of all the Magnificent Seven stocks, Apple has the lowest long-term earnings growth rate (9% expected), yet trades for a premium 28 times Wall Street analysts' expectations for next year's earnings.

Why Microsoft stock is a better investment than Apple?

Microsoft's shares also rallied 57% rally in 2023 thanks to its lead in generative AI. Its stock is now trading at 33 times expected earnings, compared a forward PE of 28 for Apple and around 20 for the S&P 500, according to LSEG.

Will Microsoft overtake Apple?

Microsoft surpassed Apple's market cap in 2021, 2020, and 2018 before Apple once again regained its place at the top.

Is Apple a good long-term hold?

After all, Apple has been a dream of a long-term holding. It was the best stock in the world for the 30 years ended 2020. And anyone who put $1,000 into Apple stock two decades ago would be very happy with the results today too. That's partly why billionaire investors are big fans of Apple stock.

Where will Apple be in 5 years?

Assuming the ASP of an iPhone hits $1,100 in 2029, Apple could generate $506 billion in iPhone revenue after five years. That would be more than double the 2023 levels. More importantly, this suggests Apple's iPhone revenue is set to increase at a faster pace over the next five years.

How much is Apple worth in 2030?

Its business model and reputation for quality products have allowed Apple to generate enormous profits and made it the most valuable company in the world, with a market cap today of about $2.9 trillion. With modest growth, the company could be worth $5 trillion by 2030.

What stock will boom in 2024?

Why Tesla stock is going down?

The fall in sales in its key market dimmed the outlook for Tesla's global deliveries, at a time when the top EV maker is battling a decline in demand and rising competition, and is weighed down by a lack of entry-level vehicles and the age of its product line-up.

What is Apple stock return over 5 years?

Five Year Stock Price Total Return for Apple is calculated as follows: Last Close Price [ 170.12 ] / Adj Prior Close Price [ 42 ] (-) 1 (=) Total Return [ 305.0% ] Prior price dividend adjustment factor is 0.96.

Is AMZN a buy right now?

AMZN is a Zacks Rank #1 (Strong Buy) stock, with a Momentum Style Score of B and VGM Score of B. Shares are down 1.6% over the past one week and up 0.5% over the past four weeks.

Should I buy Tesla stock?

Long-term investors will have to be patient with Tesla this year. Even CEO Elon Musk has warned in previous earnings calls that rising interest rates will be a headwind for the company. But if you have at least a five-year time horizon, the stock price dip could prove to be an excellent buying opportunity.

Who is the main investor in Apple?

Vanguard Group

Vanguard Group, the world's second-largest asset manager, is Apple's largest shareholder among institutional investors. It holds 1.299 billion Apple shares, which is 8.36% of Apple's total common stock outstanding.