Apple is cheap. It is trading with a forward P/E of just 11.4. Earnings are expected to grow 41% this year but only in the single digits for next year. China now makes up 25% of revenue. Should investors be concerned for 2016 with China weakening and the estimates lower?
Shares have also just hit a death cross. David discusses why he thinks the death cross is meaningless and what else the chart is telling him about Apple.
Apple is a Zacks Rank #3 (Hold) but has a Zacks Style Score of A in Growth, Value and Momentum. Is it a buy here?
Watch our short video below to learn more about Apple.
Apple: http://www.zacks.com/stock/quote/AAPL?cid=CS-YOUTUBE-FT-VID
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