Apple: Better Now, But Don't Buy (NASDAQ:AAPL)
1. AAPL shares are down over 20% from recent highs. 2. Tariffs and geopolitical tensions threaten Apple's supply chain and demand. 3. AAPL trades at a high earnings multiple of 27, limiting investment attractiveness. 4. Despite brand strength, AAPL remains expensive and volatile. 5. The stock's recent valuation decline does not equate to a bargain.