'Rich Dad, Poor Dad' Author Robert Kiyosaki Says 'Time To Buy Apple' If Stock Drops Below This Level
Portfolio Pulse from Shanthi Rexaline
Robert Kiyosaki, author of 'Rich Dad, Poor Dad', suggests that Apple Inc. (AAPL) is a good investment if the stock drops below $150. This comes despite recent challenges faced by the tech giant and the broader market uncertainty. Apple's CEO, Tim Cook, recently sold 511,000 shares worth about $87.8 million, and KeyBanc Capital Markets analyst Brandon Nispel downgraded Apple stock from Overweight to Sector Weight. However, Apple shares closed up 0.73% at $173.66 on Wednesday.
October 05, 2023 | 7:27 am
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NEUTRAL IMPACT
Robert Kiyosaki's comments may influence investors to consider buying Apple stocks if they drop below $150. This is despite recent challenges and market uncertainty.
Robert Kiyosaki's comments may influence some investors to consider buying Apple stocks if they drop below $150. However, the recent challenges faced by the company and the broader market uncertainty may also deter some investors. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100