Apple: Uninspiring Growth Outlook

Feb. 27, 2024 9:52 AM ETApple Inc. (AAPL) StockAAPD67 Comments

Summary

  • NVIDIA and other AI-focused stocks have outperformed Apple in the recent tech stock rally.
  • Apple's price chart shows a bearish descending triangle pattern, indicating potential further decline.
  • Apple's revenue growth has been non-existent and its fundamental picture is weak, making it an unattractive investment.
  • This idea was discussed in more depth with members of my private investing community, Timely Trader. Learn More »

Apple Store at 5th Ave in Manhattan, New York City

ozgurdonmaz

The absolutely epic rally in tech stocks we’ve seen since October has been breathtaking in many ways. The pace and magnitude of the rally has been difficult to keep up with as we’ve seen stocks approach conditions or levels

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This article was written by

Josh Arnold profile picture
24.07K Followers

Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow.

Josh is the leader of the investing group Timely Trader where he focuses on limiting risk and maximizing potential reward. Features of Timely Trader include: real-time alerts, a model portfolio, technical charts, sentiment indicators, and sector analysis to find the best trading opportunities. Learn more.

Analyst’s Disclosure: I/we have a beneficial short position in the shares of AAPL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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