Today I posted my two-hundred-and-forty-sixth YouTube video: Quick Pick Apple
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Today’s Quick Pick is Apple (NASDAQ: AAPL). For this Quick Pick, I’m suggesting you wait to buy until Apple falls to around $140 (which I think is coming.) Apple, like many tech stocks, is a seasonal stock, and we’re currently in one of the company’s traditionally weaker quarters. The Christmas buying quarters (the last two quarters of the year) are when Apple brings in the most revenue, and the first two calendar quarters are generally weaker. Apple took a hit during the big downward turn on the bear when all tech stocks were hit, but the stock recovered strongly during this early 2023 rally. If shares get down to $140, that’s a great place to get in before Apple announces new technology and updates to its product line. There are rumblings of an Apple VR headset announcement coming soon and we know that we’ll see new iMacs and Powerbooks. We can also look forward to the Apple Developer Conference in May and new product announcements in September. If you can get this cheap in the first half of the year, you can look for a big recovery in the second half of the year.
Here’s the link: