Apple Stock Is A Buy: This Expert Pounds The Table (Again)

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Apple stock  (AAPL) – Get Apple Inc. Report is still in the penalty box. Shares of the Cupertino company have been down 22% so far this year (see chart below, blue line), after logging another ugly week of losses at the end of May 20.

But one traditionally bullish analyst is far from giving up on his top pick. Wedbush’s Dan Ives appeared on CNBC, after Friday’s closing bell, to “pound the table” on the investment opportunity that Apple’s recent share price decline has unveiled.

Figure 1: Apple and S&P 500 performance year-to-date.

Figure 1: Apple and S&P 500 performance year-to-date.

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