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Is Apple A Good Defensive Stock? Yes, But There Is Still Danger
SummaryTech is crashing - Apple stock is not.There are clear reasons explaining the defensive characteristics, including aggressive share repurchases and dividends.The stock trades very richly and could generate double-digit returns if it continues to trade like a consumer staples stock.But what is the projected downside if the stock is valued on more "reasonable" terms?Mike Coppola/Getty Images EntertainmentApple seems to be a stock which, in spite of a premium valuation, exhibits characterist
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