“Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says”
May 1, 2024
“…Apple stock is a “top pick” for 2024 and has potential upside of 36% as it gears up for the launch of an AI-enabled iPhone, according to Bank of America.
The bank reiterated its “Buy” rating and $225 price target for the company, arguing in a Monday note that much of the weakness in its expected earnings growth is already reflected in the stock…”
https://finance.yahoo.com/news/apple-stock-soar-36-gears-232719784.html
I don’t know if I agree with this. Why? I believe the government is propping up the economy until U.S. elections. After elections I don’t know if its a good idea to be in almost any stock other than mining or crypto. In my opinion the closer we get to elections the riskier FAANG stocks become.