Is Apple stock blue-chip? (2024)

Is Apple stock blue-chip?

Some examples of blue chip stocks are Coca Cola, Apple, IBM, American Express, McDonalds, DuPont, and American Express.

Is Apple considered a blue chip stock?

Blue chip stocks are the stocks of dependable, profitable companies that have stood the test of time. Investing in high-quality blue chip companies can be a way to strengthen your stock portfolio. Apple, Berkshire Hathaway, Coca-Cola, Johnson & Johnson, and American Express stand out as top blue chip stocks.

Is it smart to invest in Apple stock?

Despite year-to-date declines, Apple's resilient brand, diverse revenue growth, and bullish analyst outlook highlight its investment potential despite market fluctuations. Apple stocks have seen an 8.9% decline year to date, contrasting with its tech peers.

Which bluechip stock is best?

Why is Apple stock so weak?

The reported slump in iPhone sales in China, which builds on the slow iPhone growth narrative weighing on Apple earlier this year, coincides with mounting analyst concerns about Apple falling behind its big tech peers in AI.

Which stock will boom in 2024?

What makes Apple a blue chip stock?

APPLE (NASDAQ: AAPL): A resilient blue-chip stock with a track record of outperforming analysts' expectations, Apple's consistent growth in revenue and profitability reinforces its status as a reliable blue-chip stock to buy and hold.

Is Apple stock worth keeping?

The past decade has been good overall for Apple investors. They've watched the stock price go from roughly $18 per share all the way to its all-time high of $197.86 on December 13, 2023. It's pulled back to $180.10 (as of February 29, 2024), but long-term shareholders are profiting from their patience.

Is Apple good for long-term investment?

Despite recent headwinds, Apple remains a leader in tech with dominating brand power and immense financial resources. A recent stock dip could be the perfect time to make a long-term investment in its business and profit from its potential over the next decade.

Should I hold or sell Apple stock?

AAPL Stock Forecast FAQ

Apple has 18.86% upside potential, based on the analysts' average price target. Is AAPL a Buy, Sell or Hold? Apple has a conensus rating of Moderate Buy which is based on 16 buy ratings, 10 hold ratings and 2 sell ratings.

Should you only invest in blue chip stocks?

Many investors turn to blue chips for their longstanding, rising dividends. Many investors believe that blue chips can survive market challenges of many kinds; while this may be largely true, it is not a guarantee. For this reason, it's crucial to diversify a portfolio beyond only blue chip stocks.

Should you hold blue chip stocks?

Blue-chip stocks typically have solid balance sheets, steady cash flows, proven business models, and a history of increasing dividends. For that reason, investors generally consider blue-chip stocks to be among the most secure stock investments because of their track records and performance history.

How safe are blue chip stocks?

Advantages. Low Risk: As industry leaders with reliable cash flows and long histories of paying their debts, blue chip companies are considered to be low risk.

Will Apple recover in 2024?

Apple's (AAPL) recent $89.5 billion quarterly revenue paints a robust forward picture for the company. Analysts have deemed the company's Vision Pro to be a potential “game changer” after its initial debut. The company's CEO Tim Cook has reassured investors that revenue growth will return in 2024.

Is Apple a good stock to buy 2024?

Out of the 28 analysts covering Apple stock, 16 recommend “strong buy,” three recommend “moderate buy,” eight recommend “hold,” and one recommends “strong sell.” The average target price for AAPL stock is $207.56, indicating an upside potential of over 21%.

How high is Apple stock expected to go?

Apple Stock Forecast

The 30 analysts with 12-month price forecasts for Apple stock have an average target of 204.93, with a low estimate of 158 and a high estimate of 250. The average target predicts an increase of 24.20% from the current stock price of 165.00.

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Which blue chip stocks are at 52 week low?

What are the blue chip stocks on the NSE that are at 52-week lows? As of 30th January 2024, the blue chip stocks at 52-week low (NSE) are HDFC Bank Ltd and Asian Paints Ltd. You can search stocks trading at their 52-week low every day on Tickertape.

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Why not to buy Apple stock?

Other issues weighing on Apple stock include weak iPhone sales in China and legal problems over its App Store policies in Europe. Investors also are concerned about Apple lacking a strategy for artificial intelligence. Apple is playing catch-up with Big Tech rivals in AI, especially generative artificial intelligence.

What will AAPL be worth in 5 years?

We expect the stock to reach $237 per share by the end of 2025. End of 2026: We predict that Apple's stock price could further increase to $298, driven by continuing interest rate reductions. End of 2030: Apple could reach a market cap of $8.7 trillion by 2030, representing a share price of $561.

What does Cramer say about Apple?

"I just got a whole brand spanking new reason to buy Apple, don't trade it," he said. "I know a loser case when I see one, and the United States of America versus Apple is a loser."