“Carl Icahn entered the picture on Tuesday, and that could cause some choppiness for the stock. Add in the fact that estimates call for three straight quarters of less than 1% revenue growth, and Apple seems rather boring these days,” Maurer writes. “But don’t worry, boring can be beautiful, and that’s Apple at the moment.”
Maurer writes, “Right now, Apple may seem boring, but exciting things are coming. We are just about a month away from the next series of product launches, and that optimism is reflected in the stock’s recent movements. Apple investors should continue what they are doing now, receiving a sizable dividend, watching the company spend billions on share buybacks, and accumulating on pullbacks. Unfortunately, those pullbacks are now coming at higher and higher prices, but it happens.”
Read more in the full article here.