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Apple (AAPL): A Steady Investment Amid Market Volatility

Apple (AAPL)

Apple has been seeing dip buying and support around $170, as the safest port in the storm, given the overbought sentiment and volatility in semis/tech. 

There was a buy call from Evercore a couple of days back, which also supported it after seven straight days of it falling.

While I had hoped to see it drop to $160, and had recommended HOLD given the weakness in China; As a market leader, we may not see that price and given that Apple is a long term buy and hold, a few percentage points won’t make a large difference. 

If you don’t have it in the portfolio or are looking for something steadier you can start accumulating.