Big Tech Questions Remain, But Apple Remains A Buy

(MENAFN – Baystreet.ca) A number of recent developments in the world of big tech have somewhat muddied the waters for investors interested in stocks like Apple Inc. (NASDAQ:AAPL). The investigation done by U.S. Congress on various anti-trust concerns related to the size and influence of Apple and its peers in the « FAANG » group of stocks is an ongoing issue investors are likely to have to deal with in the future. Despite winning a very beneficial court ruling tied to a 13-Billion-euro tax bill which was levied upon Apple by European authorities, Apple and its peers are likely to continue to face scrutiny over tax havens and tax avoidance strategies moving forward.While I do not expect to see these questions completely dissipate anytime soon, I do think the stock market is pricing Apple shares correctly. The company’s share price has recently climbed to a new record high, and is likely to continue to climb as long as the company’s current cash flow growth trajectory remains. Apple is one of those few rare companies out there with a cash reserve in excess of $100 Billion U.S., giving this company the ability and flexibility to manage its way out of a global recession much easier than most of its peers. The company’s brand remains one of the best in the world. Given the company’s long-term transition to a higher percentage of its revenue originating from services, I think Apple’s long-term upside remains robust. As far as big tech goes, Apple is number one on my buy list today.Invest wisely, my friends.

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