Some may think it's time to sell Apple stock now that it has reached the $1 trillion valuation milestone.
But they would be wrong.
AAPL stock still has significant gains ahead of it - although Wall Street has retained its lowball targets.
In just two years, Apple will be trading at $300 a share - a gain of nearly 44% from the current price.
Here's why the "experts" have underestimated AAPL yet again...
To hear Wall Street tell it, the fact that Apple Inc. just became the first U.S. firm to reach a $1 trillion market cap is "big news."
I'm not so sure...
Please don't think I'm being cynical. After all, I'm one of the biggest Apple bulls around.
Here's the thing. While the $1 trillion valuation coming on the heels of a great earnings report is a key milestone for all tech investors, Apple's historic status isn't a surprise.
At least not to those who have been following along here...
See, back in April 2015, I predicted Apple would make this notable achievement.
And since then, it's up 61%. That's nearly double the S&P 500's 33.4% return over the same period.
So, if you've been following along with my advice over the years, you've made a bundle here.
But that's the past. Unless you were one of the savvy ones who bet on Apple, it doesn't matter.
The question now is: Where's Apple going from here?
Here's my latest prediction...
After Apple Inc. became the first company to achieve a trillion-dollar market cap on Aug. 2, many investors felt as though they'd missed out on one of the most historic run-ups in Wall Street history.
But they're just missing the bigger picture. In fact, the world's first trillion-dollar company is just getting started.
Apple stock may be the gold standard of the tech era, but its size means limited profit potential.
For truly monster gains, we've got a backdoor pick that provides key technology for Apple's devices.
On May 1, Apple Inc. released a stellar earnings report, pushing the company's stock up 4% in just one day.
Despite the company's recent performance, many investors are still skeptical that Apple stock is still the best investment available.
In just the last year, Apple's stock has already risen 36% - an increase that seems to give the company little room to continue its run.
Investor confidence has also been plagued with rumors about cutbacks at several of the company's largest manufacturing plants in response to dwindling Chinese sales.
However, wary investors couldn't be more wrong.
The arrival of Apple Q2 earnings can only mean one thing: The financial media and analysts are convinced the sky is falling.
In recent weeks, we've seen a string of stories agonizing over slowdowns in the Apple supply chain, as well as sluggish iPhone sale in China. Surely, Apple is doomed, right?
The trouble is, we've seen this play before. And in almost every case, concerns were overblown. Investors are better off ignoring these reports.
Here's what you should be watching instead...
The February swoon in the stock market was nerve-racking for all investors, but it also created a huge opportunity. Great stocks were suddenly "on sale," and those who stuck to their plans found themselves staring at a great profit potential.
In fact, one trade on Apple stock we told Money Morning Members about last week just returned 250%.
Now is a good time to buy AAPL stock.
Wall Street was disappointed over a 1% drop in iPhone sales, as well as lower-than-expected guidance from Apple's Q1 earnings. That, and the overall stock market plunge, have made Apple stock the most affordable it's been in months.
We believe Wall Street has misread Apple's earnings and that the stock has plenty of upside ahead of it.
Here's why AAPL stock is headed to $200 over the next 12 months...
We've always been bullish on Apple, as it's one of the world's most innovative companies.
But after the unveiling of the new iPhone X this week, we've revised our Apple stock prediction.
Here's how much we see shares of AAPL rallying...
Apple unveiled its new iPhones on Tuesday, prompting the question: when will its market cap hit $1 trillion?
Money Morning Chief Investment Strategist Keith Fitz-Gerald joins Stuart Varney to let us know his prediction.
Stuart had to catch his breath after he heard the answer.
With the help of a refreshed slate of products, Apple stock will soar high enough in 2018 to hit the milestone of a $1 trillion market cap.
At its annual fall event, Apple introduced the third iteration of its Apple Watch and a new Apple TV. But the star of the show, as always, was the iPhone. A $999 anniversary edition of the iPhone features an edge-to-edge screen as well as facial recognition technology.
Here's how these new products will drive AAPL stock to a $1 trillion valuation...
A surge in Apple stock after a strong earnings report pushed the Dow to 22,000 on Wednesday.
Investors were encouraged by better-than-expected iPhone sales and net income.
No matter how dire the stories regarding the much-anticipated iPhone 8, Wall Street's Apple stock price predictions keep trending higher.
Eight analysts have raised their AAPL stock price targets in the past three months, ignoring reports that several highly anticipated features on the iPhone 8 aren't quite ready and that customers will balk at its predicted price tag of $1,000 or more.
But as it turns out, Wall Street has good reason to put its faith in Apple stock...
Apple announced its next big product this week. The HomePod is a smart speaker that Apple hopes will drive more users to its Apple Music service.
The Apple dividend yield doesn't get its fair share of attention, overlooked by the media in favor of the latest iPhone news and stock price gyrations.
But the truth is, the Apple dividend yield is one of the best reasons to own the stock. Over the past five years, the Apple dividend has nearly doubled total return for the stock.
And the potential for future gains is even better.
Here's why the Apple dividend has tons of headroom to grow much bigger...
