Technology
3 Catalysts for Apple Stock in 2021 – Motley Fool
The bulls have more reasons to go wild over Apple in the new year.
The NASDAQ-100 Technology Sector index has more than doubled the return of the S&P 500 index over both the last one- and five-year periods, but Apple(NASDAQ:AAPL) has remained among the cream of the crop, surging roughly 84% so far in 2020 and about 405% over the last five years.
Those heady gains put Apple’s stock price at a premium valuation of 34 times forward earnings estimates, which looks expensive compared with a forward price-to-earnings multiple of 24 for the S&P 500.
However, Apple is…
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