However, we would recommend that investors think twice before buying Apple at these levels. With an average 12-month consensus target price less than five dollars away, the company's stock appears fully valued and without much upside.
While there are no shortage of bullish arguments for Apple, the tone has become overly optimistic as the company's share price tests the $135 level.
Often, experts tend to paint industry giants as infallible entities: Alphabet's (GOOGL - Get Report) Pixel phones are supposed to be the iPhone killer, Tesla (TSLA - Get Report) is the superstar of self-driving cars, Amazon.com (AMZN - Get Report) is the king of e-commerce and Netflix (NFLX - Get Report) is the prince of streaming content. Ornate renditions aside, the reality is that investors must practice caution and judicious investigation, now more than ever.
While Apple's $250 billion in cash may be comforting, unless it uses it to offer a massive special dividend or invest in a truly innovative new product, the figure may not really bring any long-term benefit.
Truth be told, Apple's footprint is unquestionable, even as innovation begins to run dry. So it would be smart to book profits in Apple right now until the stock returns to more reasonable valuations.
IHS Markit expects the company to hike its quarterly dividend by 14.5%, to $0.79 per share next week. Sales should also see a 4% upswing over the next year accompanied by a sharp 15% improvement in operating margins.
Investors must appreciate the fruit of Home Depot's strategy. The company has delivered year-over-year sales growth since 2010, plowing through the $90 billion mark in 2016 without launching a new big-box store in three years.
Investors could stand to earn an 8% to 10% return from Home Depot if the company's next quarterly earnings report (out Feb. 21) beats analysts' expectations.
As we've just explained, investors should stay away from Apple and buy Home Depot instead. If you're looking for other growth opportunities, we've found a genius trader who turned $50,000 into $5 million by using his proprietary trading method. For a limited time, he's guaranteeing you $67,548 per year in profitable trades if you follow his simple step-by-step process. Click here now for details.