It’s been a terrible two days to be an Apple shareholder. Yet, after falling 8% on Thursday and swinging wildly to end flat on Friday, the price is all the way back down to where it was, um, two weeks ago.
Investors might reasonably worry that this is the start of a bigger correction. There was far too much enthusiasm for the big disruptive technology stocks, so prices could go down a lot more. Yet, there are still good reasons for liking companies whose growth has been helped rather than hindered by the pandemic.
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