The stock market closed higher on Friday as traders weighed a heated meeting between US President Donald Trump and Ukraine President Volodymyr Zelenskyy. This raised geopolitical concerns among investors.
Overall, S&P 500 and NASDAQ rose 1.6% to 5,955 and 18,847, respectively.
Tweet of the Day
Strong take on Applovin $APP and Unity $U in the software gaming space. I’ve owned both stocks for clients, own neither now. https://t.co/ISV1ILQbuL
— David Sharek (@GrowthStockGuy) February 21, 2025
Chart of the Day
Here is the one-year chart of Apple (AAPL) as of February 3, 2025, when the stock was at $228.
Apple stock continues to move sideways because it is fairly valued. Right now, profits are growing around 10%.
With Apple being a consistent grower year-after-year, we feel the stock should have a P/E of 30. This quarter, the P/E is 31. Thus, it is fairly valued, and the stock is going sideways because of this. This story has been going on for years.
AAPL is on the radar for our Conservative Growth Portfolio. David Sharek, Founder of School of Hard Stocks, does not think the stock is a good value.
