2024-06-17 17:34:06 ET
Summary
- We believe the current rally in Apple Inc. stock is sustainable.
- Volume analysis suggests that institutions may have been accumulating the stock for the last year or so.
- The current breakout - catalyzed by an improving growth story - will, we think, attract further institutional capital (since the name remains reportedly under-owned).
- In addition, to the extent retail investors withdraw capital from money-market accounts if and when rates fall, we believe Apple stock will be a preferred buy.
...
Read the full article on Seeking Alpha
For further details see:
Apple, We Believe, Can Reach $328/Share - We Rate At Hold