Please comment on the post by offering suggestions, asking questions, etc. A security I believe is an
Question:
Please comment on the post by offering suggestions, asking questions, etc.
"A security I believe is an attractive investment opportunity for a long position would be Apple Inc. (AAPL). Apple is a leading manufacturer of computers, tablets, phones, and other electronic technology.
Apple is known for its innovation and scored a 100 on the Yahoo Finance innovation scale as the company is constantly working to make updates or release new products. According to Yahoo Finance and their analysis on AAPL, AAPL scored a 2 on the recommendation rating which means it is a 'buy' for many investors. For this quarter, AAPL has an estimated growth rate of 7.80% and 12.20% for next quarter. AAPL has a 24.68% profit margin, 20.90% ROA, 160.09% ROE. Apple has a reputation of consistent growth and is a relatively reliable option for investors.
AAPL is an appealing opportunity since Apple recently announced the upcoming Phone 15, Apple watch series 9, Airpods Pro 2, and more which will be released on Friday, September 22nd. Today, as of 9/19/2023 at 11:15am, AAPL stock was listed at $177.37. This price is on the lower end of their range and is a responsible ask price. With the upcoming release of the new products, I believe it is a good time to purchase the stock while it is listed at the lower end of the range. AAPL seems best suited for a long position as the last release showed that stock does not increase drastically until about 6 months after the release day. From the last release day (9/16/2022) to 6 months later (3/16/2023) the stock increased from $150.70 to $155.85. The stock even jumped to $164.90 by 3/31/2023 at the end of that month.
While the release day itself may not hold a large increase, in the past AAPL has shown that the months after the new iPhones release is when the stock accelerates. Historically, AAPL has shown to be a reliable opinion and the upcoming release opens an appealing opportunity for investors."
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill