Best Tech Stocks to Buy During a Recession – Apple

  Best Tech Stocks to Buy During a Recession – Apple With its performance so far, Apple stands out as the second technology stock to be evaluated.

Apple

Apple AAPL (NASDAQ) $127,70 +0,57 (+%0,45) is known to be one of the most iconic consumer brands in the world. Apart from the company's technological devices, there is also an increasing revenue stream from subscription services. It also has the capacity to generate ample cash so it can continue to pay regular dividends to shareholders. Although iPhone revenue fell 3,3 % in fiscal 2020, Apple also saw healthy growth in sales of Mac, iPad and wearable devices during the pandemic. Since the iPhone 12 launched in the fall, Apple's revenue growth has soared to 53 % year-on-year in the first quarter.

Best Tech Stocks to Buy During a Recession – Apple

Most notably, Apple's rise in the installed base of active devices continues at a rapid pace!

The company is solidifying its dominance in the market as the new Mac and iPad Pro with the M1 chip stimulate sales. The stock currently pays a dividend yield of 0,67 %, with a current cash payout ratio of 15,7 % of its subsequent free cash flow. Apple shares have increased by 50 % compared to last year. Apple looks set to receive more upside momentum in the near term at this valuation level, which is one of the main reasons it was chosen. Best Tech Stocks to Buy During a Recession – Apple  

Source: The Motley Fool

 

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