Shares of Apple Inc. (Nasdaq: AAPL) are down 25% this year, which means hungry investors want to know - is Apple stock a "Buy," or is it a "falling knife" to avoid?
While some analysts are screaming "Buy," there's some discouraging news to consider. For example, Apple supplier Cirrus Logic Inc. (Nasdaq: CRUS) reported an inventory glut of audio chips that signals Apple iPhone sales could fall drastically short of expectations.
Money Morning Chief Investment Strategist Keith Fitz-Gerald explains what's going on with Apple stock, whether or not investors should scoop up shares, and what to expect next from this iconic company.
For more on Keith's analysis of Apple stock, check out this report: Apple: Cash or Trash?