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Barchart
Barchart
Pathikrit Bose

Buy the Dip: A 'Magnificent 7' Stock Morgan Stanley Recommends

Apple (AAPL), the Cupertino-based tech titan, holds the distinction of being the first company to hit market caps of $1 trillion, $2 trillion, and $3 trillion. Thanks to the popularity of its products, headlined by the iPhone, Apple has grown from a mere tech company to a full-blown lifestyle brand. Boasting a staunchly loyal fanbase worldwide, Apple's shares have been an investor's delight over the years.

More recently, though, the stock is off nearly 15% from its 52-week highs, and is down close to 12% on a YTD basis. The slowdown of iPhone sales in China, antitrust challenges at home and abroad, and concerns over product innovation have all negatively impacted investor sentiment around the stock.

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