It is a new year and everyone is looking to invest in one thing or the other. A lot of people are contemplating buying Apple stock right now, Is it a good investment?

On Friday 31st December 2021 Apple Inc. shares edged slightly lower despite the news Apple topped Chinese smartphone sales for the second month running. The technology giant Apple Inc is tipped to approach the $3 trillion market cap soon after doing above 35% this year.

According to a report by Counterpoint Research, Apple accounted for 23.6% of the Chinese smartphone market in November, rising from 22% in October. In another report, Wall Street Journal said Apple’s closest rival was the local smartphone maker, Vivo, with 17.8%.

Apple stock market share is driven by an increase in demand for its latest model, the iPhone 13.

Can I still buy Apple stock?
From an investment perspective, Apple shares trade at reasonable trailing 12-month and forward P/E ratios of 31.78 and 28.83, respectively. Therefore, the stock could be an interesting option for value investors.

On the other hand, analysts expect its earnings per share to grow by more than 71% this year, before rising at an average annual rate of about 16% over the next five years.

Therefore, long-term growth investors could also find the stock as an exciting option for their portfolios.

Technically, Apple shares seem to be trading within an ascending channel formation in the intraday chart. However, the stock recently pulled back to avoid rallying deep into the overbought conditions of the 14-day RSI.

Therefore, investors could target rebound profits at about $182.50, or higher at $187.32, while $173.07 and $168.04 are crucial support levels.


SOURCE: https://gotrendz.com.ng/2022/01/02/should-you-buy-apple-stock-as-its-close-to-the-3t-market-cap/

Before discussing the process of investing, we need to first understand why we should invest in the first place? We all know that knowing the intricacies of the stock market allows you to invest in the capital markets. The sooner you start investing, the higher your chances of making a significant fortune. For example, Apple.Inc. shares earnings rose 33.26 percent year-over-year https://www.checkman.com/quote/aapl . See website for details. The unique feature of interest calculation is that your existing investments, as well as investment income and new investments every month, contribute to a further increase in profit - interest on interest.

As good as this might sound, I still will rather look for assets that have greater prospects in the future.

So many assets, the altcoins, as Quidax will call it are yet to go high. Some are currently lower in value and will soon do well their valuation is not even upto $500bn yet, so if I put money there, I know that it will yield more profit by the time it will go up higher.

Doing things the right way and getting handy information from experts and experienced people are no longer hard these days. Make your search on telegram and online for Quidax Global to get things started. Thank me later.