Four reasons to buy Apple stock, despite its headwinds: Analyst

Yahoo Finance Video
66,349 次觀看・8 個月前

From a Department of Justice lawsuit to slowing iPhone sales in China, there are plenty of headwinds for Apple (AAPL) investors to worry about. Those worries are reflected in the stock price, which has fallen more than 10% so far this year. Could it be a buying opportunity?

Piper Sandler Managing Director and Chief Market Technician Craig Johnson argues "Apple looks like a pretty attractive place for people to park their money at this point in time," given that there is, he argues, a potential for a broader market pullback. Johnson acknowledges the company faces headwinds but is still a "high quality, blue chip company that's been doing very well for a very extended period of time."

Watch the video above to hear Johnson's four reasons why now is the time to buy Apple. 

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Stephanie Mikulich