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Apple Shares Look Attractive

The market continues to overreact to softer than expected guidance, pushing Apple into 4-star territory.

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Abhinav Davuluri: Apple has fallen more than 30% since October highs as the market has continued to punish the firm for its softer than expected December quarter guidance.

Shares are now squarely in 4-star territory for the first time since late 2016, after trading in 2-star territory as recently as September of this year, when we believed iPhone growth expectations were overzealous.

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Abhinav Davuluri does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.