Apple: Health Matters

Wearables have the potential of moving the needle at Apple.
Adding health monitoring to AirPods expands the potential shift to medical devices.
Medical device stocks trade at much higher valuations.
Anything driving sales higher is a plus for a stock only trading an EV/S multiple of 10x.
For a company with a revenue base of over $250 billion, Apple (AAPL) struggles to find opportunities that will move the needle. One potential revenue source is in medical devices as the tech giant moves into wearables that function as tech devices and health monitors. My investment thesis remains bullish on the stock around $150.
Read the full article at Seeking Alpha. 

Disclosure: Long AAPL, FIT. Please review the disclaimer page for more details. 
 

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