Nasdaq Composite Plunges Amid Recession Concerns
This is a China news story, published by Yahoo Finance, that relates primarily to Warren Buffett news.
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Apple stockThe Motley Fool
•Nasdaq Market Correction: 1 "Magnificent Seven" Stock to Buy Now, and Another to Avoid
80% Informative
Amazon shares currently trade at a reasonable valuation, but Apple shares still look expensive.
Amazon reported mixed financial results in the second quarter , missing the $148.6 billion forecasted by Wall Street.
Amazon still has strong growth prospects in e-commerce, digital advertising, and cloud computing.
Apple is losing smartphone market share to local competitors in China .
Apple stock currently trades at 31.8 times earnings, a premium to the three-year average.
Warren Buffett has slashed Berkshire Hathaway 's stake in Apple in recent quarters .
Wall Street expects Apple to grow earnings per share at 9% annually over the next three years .
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