Buy The Dip - AAPL 26% YTD - Still Cheap? 📈
$AAPL Apple closed Friday $344.63 down 1.23% on heavy volume. Nasdaq had worst session since June. Perfect dip to buy?
Numbers: YTD +26.5%, forward PE 35.43x vs sector 19.39x. Yes expensive, but it's Apple. $5.03T company with $113B quarter.
Analysts: Moderate Buy, 13 Buys, 10 Holds, 4 Sells, target $337.77 (2% downside). Bernstein $370 Buy, Monness $355 Buy with $114.21B revenue / $2.05 EPS above consensus.
Memory costs up, supply constraints up, but Apple guided 9-11% growth and will likely hit top end $113.7B.
Strategy: Buy half before earnings, half after if $330 support holds. Call positioning resistance $350/$355, put support $310.
I bought dip Friday. If AAPL drops to $330 after earnings, I'm buying more. If beats and goes $355, I'm selling calls.
Best Mag 7 YTD deserves dip buy.
#EarningsSeason #BinancePick #AppleEarnings $BTC $ETH AAPL at $344 after dip. Are you buying before earnings today?