The relative performance of the tech stock compared to the S&P 500 has been off the charts since the lows back in 2002 following the dotcom crash.ĭue to Covid boosts and the 5G iPhone release, Apple pulled together impressive 33% growth in FY21. Relative Performance EndsĬarter Worth from FastMoney highlighted how a 20-year trend for Apple is breaking down. My investment thesis remains Bearish on the tech stock until the valuation normalizes in relation with their historical growth trends.
The tech giant remains a great company, but Apple has been growth challenged for years prior to covid.
As investors have been warned over and over, Apple ( NASDAQ: AAPL) is trending in the wrong direction after a decade or two of massive outperformance.
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