Apple Shares Look Attractive
The market continues to overreact to softer than expected guidance, pushing Apple into 4-star territory.
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.
Abhinav Davuluri does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.