VGT - Apple's Inflation Problem

• Apple makes fantastic products, but that doesn't mean the stock is a good buy here.
• In fact, Apple has been dead money since I wrote about the stock last November.
• Apple's stock trades at about 24 times earnings, but the company's revenues will likely grow by low single digits in the coming years.
• Apple's stock is overpriced here, has limited upside, and may reach about $100 or lower when the recession arrives.

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