It's Time to Make a Big Bet "the Other Way" on Apple Stock

After its first quarterly miss in 13 years, the financial press is humming with negative sentiment toward Apple. To hear them say it, the stock is a pure falling knife. Now, second-quarter earnings out of Cupertino were less than inspiring, and the miss was a bit wider than anticipated. Global economic growth concerns are looming large, too, given that Apple pulls in 67% of its revenue from outside the United States. All told, Apple is off about 26% in the past 12 months, and 13% since Apple's earnings miss. But the same experts who are trading Apple down to $92 now were so bullish on the stock they traded it up above $130. What's more, there's nothing shocking about Apple's filings. Wall Street's chattering classes are reacting as though they've been caught off guard, but no one seriously thought that the massive boom in iPhone 6 sales was going to be a "permanent phenomenon." So this is just the typical closing of the barn door after the horses have taken off. Remember, these are the same "minds" who never saw the financial crisis coming and who only recently got around to downgrading Exxon Mobil after oil's rebound. Naturally, this is the perfect time to carefully consider what the experts have to say... and then do the exact opposite. Here's how to play Apple for the most gains right now... Tags: Apple stock To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post It's Time to Make a Big Bet "the Other Way" on Apple Stock appeared first on Money Morning - We Make Investing Profitable .