5 Reasons Why Apple is a ‘Buy’: AAPL

With Apple Inc. (Nasdaq: AAPL) bears feeling vindicated by the company’s fall from grace and shares hovering in the $400 range, it might sound like a stretch to say Apple stock is a buy.
But given all that’s happened, AAPL at $400 is a better deal than it may appear.
“It’s obviously been hit, but it’s bounced. It’s held up,” said Money Morning Capital Wave Strategist Shah Gilani. Pointing to the recent volatility in the markets, Gilani said, “The markets have been hit really hard and Apple has held up beautifully.”
Now it’s not likely that Apple stock will take off again like it did a few years ago and shoot up 100%.
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