Apple is my largest single stock holding, but still under 8% of my overall assets. (Yes, I am starting to look at my single stock risk on this one.)
Hopefully this isn't the kiss of death: I'm up more $ on Apple YTD than my mega-corp pension or my modest full time community college salary.......combined.
We are seeing the opposite of 2018 year end...many large players realizing that they are underexposed to the market, so they are getting in both on Apple and large market indexes in general. The market is running.
Revisiting my old post from Jan 3, 2019 to look at the items I listed (and why I would be loading up on Apple had I already not owned so much), Apple has grown into a higher (and deserved) PE. Services revenues continue to move up nicely, and products like the Airpod Pro and watch are selling like hot cakes. They are THE products to have.
Having said that, I'm a bit more cautious on it (but not selling). While I think it is still probably a relative bargain, it has moved up...a lot...especially for such a high market cap stock.
If the market continues to move up (blow off top anyone), Apple will likely move with it. Maybe it is just the big profit talking, but I am more nervous about it now than I was at the beginning of 2019 (when everyone thought that the world was coming to an end).