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Barchart
Barchart
Andrew Hecht

Will Deteriorating Relations With China Push Apple Stock Lower?

In a May 8, 2023, Barchart article, I wrote that AAPL is “the stock of choice” for my granddaughters to build wealth for their futures. On May 8, AAPL shares were at the $173.67 level. After rising to a new all-time high in July 2023, the shares corrected and were at the $175 level on September 14, slightly higher than in early May 2023. 

I believe selloffs in AAPL are a buying opportunity. Still, as a volatile technology and consumer stock with significant international exposure, I will leave plenty of room to add at lower levels if the shares continue to correct. 

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