Apple Inc. (AAPL) Should Be Bought on Weakness, Veteran Investor Says

“The time to buy a name like Apple Inc. (NASDAQ:AAPL) is during dips like these,” veteran investor Dale Smothers said recently during an appearance on Schwab Network.

Smothers, the CEO of RDS Wealth, added that his company will buy more AAPL stock over the long term.

A wide view of an Apple store, showing the range of products the company offers.

The “tariff risk” and the “anti-trust lawsuits” facing Apple Inc. (NASDAQ:AAPL) are “causing a lot of volatility” in the stock, the investor said.

But the anti-trust lawsuits that have been hurting Apple are likely to fade, while a final trade deal with China could be reached by August, Smothers said. These developments may be positive for AAPL, the investor believes.

He added that “Apple Inc. (NASDAQ:AAPL) is a household name, it’s not going anywhere, and more households and businesses are integrating Apple’s products.”

In the last month, the shares have dropped 5%, while they have given back 16% in the last three months.

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Disclosure: None. This article is originally published at Insider Monkey.