“Buy Apple” is trending on Twitter this morning. But the company also dropped its component ordering by 50%. Investors are playing with fire right now.
With shares up over 78% in the past year, Apple (NASDAQ:AAPL) looks like a safe-haven play in the stock market.
And, sure, the company’s $1.5 trillion market cap means it’s not likely to double as quickly as a smaller company, say one in bankruptcy. But investors still love the firm.
Social Media Loves Apple—in the Rear-View Mirror
“Buy Apple” is trending on social media Tuesday. While that’s created a few memes about buying the actual fruit, there’s also a contingent of posters talking up the company’s past performance.
After all, had you only purchased shares when they were cheaper, ipso facto, they’d be worth more today!
Apple bulls are ignoring the company’s already outsized returns, which are likely to diminish over time. | Source: Twitter
With a social media trend focused on