$Apple(AAPL.US)Apple kept pushing to new highs, largely benefiting from the market’s flight to safety. But earnings have…
$Apple(AAPL.US)Apple kept pushing to new highs, largely benefiting from the market’s flight to safety. But earnings have finally exposed the problem: it’s getting increasingly difficult for the business to deliver results strong enough to justify the expectations baked into the current share price.
The stock has been rewarded for its defensive qualities, but that doesn‘t mean its valuation can keep expanding forever. At this level, simply delivering decent results may no longer be enough.
Sometimes being the market’s safe haven also means having very little room left for disappointment.
@Captain's Treasure
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