The tech-heavy Nasdaq Composite index has plunged 28% year to date, even after the largely positive week of trading on July 20-24. Apple (NASDAQ: AAPL), Coupang (NYSE: CPNG), and Airbnb (NASDAQ: ABNB) have all fallen to the point where shares are begging to be bought, and with these three stocks, investors should consider doing just that. Apple might not excite many investors because of its $2.25 trillion market cap, especially considering its saturation in the smartphone space.
Dividend Aristocrats have the distinction of having increased annual dividends for 25 consecutive years. As dividend payouts grow, investors that choose to reinvest dividends can benefit from additional compounded earnings.
Last week, global investors withdrew over $30 billion from equity funds, the largest wave of selling since 2020 during the depths of the pandemic. What's more, Apple's Arcade could generate as much as $1.2 billion in the growing mobile gaming market.With the potential future release of augmented and virtual reality glasses, and maybe even the much-rumored Apple Car, there are plenty of opportunities left for this tech giant.