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Apple isn't the company is used to be and the stock is incredibly expensive.
Shares of Apple (AAPL 0.20%) trade as if the company is going to grow revenue and earnings for the foreseeable future. But in reality, Apple's revenue is shrinking. In this video, Travis Hoium explains why the stock looks overvalued and why he sold all of his Apple shares recently.
*Stock prices used were end-of-day prices of Oct. 2, 2024. The video was published on Oct. 3, 2024.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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