Apple: Future Boost

Apple closes all retail stores outside Greater China and should take a large hit to FQ2 and FQ3 sales.
The company had most China stores closed for about one month.
The market will increasingly look towards FY21 sales that should see a boost from delayed spending.
My estimate is for a FY21 EPS boost to $17, making the $250 stock cheap at 14.7x this target.
Apple (NASDAQ:AAPL) has seen several analysts cut price targets on the stock due to cuts to FY20 numbers. Regardless, the stock remains a strong investment option based on normalized numbers not impacted by the coronavirus impact on the global economy. My investment thesis recommends investing in stocks based on FY21 numbers that might even get a boost from sales pushed into the next fiscal year.
Read the full article on Seeking Alpha. 

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

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