Should You Buy Apple Stock Now or Wait for a Dip?

Apple (NASDAQ: AAPL) is the most valuable stock in the world again, with a market cap of $3.4 trillion. Even though its growth rate isn't exactly scorching hot these days, investors remain bullish on its long-term prospects. The launch of the new iPhone along with Apple Intelligence have given investors multiple reasons to remain optimistic that there's still much more revenue growth coming down the pike for the business.But with the stock trading at a high and a fairly expensive 34 times its trailing earnings, should you hold off on buying Apple stock until it dips in value, or are you better off adding it to your portfolio anyway?Apple's business has multiple catalysts in the wings that should drive sales higher. Many consumers have held off on upgrading their phones, but with the latest iPhone, there could be an incentive to finally upgrade now that new artificial intelligence (AI) capabilities will be available with the device. And although the phone itself may not have been all that exciting, early sales numbers indicate that demand could be strong out of the gate.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool