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Barchart
Barchart
Mark R. Hake, CFA

Apple Stock Tumbles After Earnings, But Its Free Cash Flow Growth Makes It a Buy

Apple APPL AAPL Seeking Alpha

Apple (AAPL) stock tumbled 4.8% on Friday, June 4, to $181.99, and is now down $14.46 or 7.36% from its July 31 peak of $196.45. This drop came after Apple's June quarter earnings on June 3 after-hours showed iPhone sales fell for the 3rd time. 

But the market seems to be overlooking massive Apple's free cash flow (FCF) and its growth, which is still strong. This could potentially make AAPL stock a buy, especially if FCF growth stays strong.

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