Why Apple's Plunge Makes Sense
by Alan Brochstein
As I write this, Apple (AAPL) has declined to about $460, testing as low as $450 after a report that showed the company essentially meeting forecasts for the big Q1 quarter ending in December, but leading analysts to expect much weaker Q2 earnings and beyond. While I think AAPL is likely a decent purchase here and will share a few reasons below, the point I want to make today is that investors should see this decline as entirely rational. Let me explain. read more »
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