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Technology Stocks : Apple Inc.
AAPL 270.82-1.0%3:59 PM EST
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From: NAG18/7/2023 12:32:56 PM
1 Recommendation

Recommended By
Doren

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So far today, the downdraft on the share price is continuing. PE has come down to right around 30. The share price may have more room to drop. Apple may be buying back a more significant amount of stock if they perceive this condition as temporary.

For other in the tech arena, the PE expansion continues. MSFT and META with PEs over 30. Amazon's PE is over 100 which has come down from over 300 with the most recent earnings. The only one that is more in Apple's range is Alphabet with is still below Apple at 28.
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