Apple Inc (AAPL)

[Thompson_AMM]

1 Stock That Could Weather the Storm

Apple (NASDAQ: AAPL) is the largest component of the Nasdaq Composite, making up almost 13% of the index as of Sept. 30. Considering Apple is down only 12% year to date, it is helping to prop up the index. This stock price resiliency is due to Apple's operational resiliency. While other big tech companies are crashing and burning after reporting earnings, Apple continues to chug along and post stable results. Apple seems to be weathering the storm of an uncertain global economy right now, but let's find out why that could continue and why you might want to buy shares of this stock if you're looking to take advantage of the Nasdaq bear market.
Apple's fourth quarter proved why the company is handily outperforming the Nasdaq this year. While other companies are seeing demand stagnate and cash flows fall, Apple is leaning on its competitive advantages to continue thriving. Chances are high that the company will come out more powerful than ever from this downdraft in the economy.