Apple (AAPL) Changing Into Trading Stock: Pro

Sanford C. Bernstein’s Toni Sacconaghi believes Apple (AAPL) no longer represents the “shining example” of a breakneck-growth company and shareholders should now consider Apple a “trading stock.”

“Yes, investors should be looking at this company differently,” Sacconaghi said Friday on CNBC. “We view it as a trading stock more than a company that we can confidently say is going to have higher earnings two or three years from now. The risk/reward on the trade right now is favorable.”

Sacconaghi’s comments came as Apple was hosting its annual shareholder’s meeting at the company’s headquarters in Cupertino, California.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.