Apple: Risky Upward Climb


  • AAPL has outperformed the S&P 500, leaving investors stunned with its impressive performance since hitting its lows in January.
  • Bears were left reeling as the Cupertino company’s guidance demonstrated an improved outlook for FQ2.
  • AAPL’s valuation surged recently, leaving its reward-to-risk ratio unfavorable at the current levels.

Apple Store At Catalonia Square (Plaza Catalunya) in Barcelona in a neoclassic architecture building


Investors in Apple Inc. (NASDAQ:AAPL) have likely breathed a sigh of relief as AAPL outperformed the S&P 500 (SPX) from its recent January lows, even though its upward momentum has stalled.

Hence, it appears savvy investors likely bought the lows

Apple Services revenue change %

Apple Services revenue change % (Company filings)

AAPL price chart (weekly)

AAPL price chart (weekly) (TradingView)

Disclosure: I/we have a beneficial long position in the shares of META, QCOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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