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Apple’s (NASDAQ:AAPL) stock is down YTD as the company’s growth prospects were already decreasing before the escalation of the global trade war earlier this month. The shares are now below the prices at
Apple: The China Fallout Has Begun
Summary
- Apple’s continuous weakness in China along with rising macro risks could undermine the company’s growth opportunities.
- The company already trades above its intrinsic value and its upside is limited.
- AAPL remains a sell for us.
Bears of Wall Street is a community of asset managers and traders who take a pragmatic approach to valuing companies. Bears of Wall Street provide unique research with a bearish sentiment on overvalued or weak companies with declining businesses and poor growth perspectives - companies whose likely depreciation can be capitalized on.
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