One of the cheap stocks that's taking off right now is Apple Inc. For the full details, Insider Monkey has a blog with regards to "Apple Inc (NASDAQ:AAPL) is One of 9 Cheap Stocks Taking Off Right Now".
Apple Inc (NASDAQ:AAPL) is one of the cheap stocks that are taking off right now. One of the most tempting ways to pick stocks is to look for high momentum. Has the stock been going up recently? If so, then the fundamental or technical factors behind that increase in price might continue in the future, driving it up further. Of course, sometimes stock prices rise because of unusual factors- one particularly good quarter, a flurry of media attention, and so on. One criterion that can be imposed on momentum stocks to get a set of better buys is the trailing P/E ratio, which makes for a good value metric. This way investors know that the rise in the stock price will likely continue if the company can grow its earnings, since it is well priced compared to its historical earnings. And by using trailing earnings, rather than forward earnings estimates, investors can know that any hype which may be infecting the stock price is also not being caught in the value metric being used.
To know more about Apple Inc, you should visit on Insider Monkey.
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