The Rally In Apple Inc. Looks ExtremeShares of Apple Inc. (NASDAQ:AAPL) certainly have been on a tear since their latest earnings report. Apple is now trading at the richest P/E ratio over the past five years, with a multiple exceeding 19. The previous time AAPL stock even approached such a rich valuation was in November 2014, which coincidentally signaled a major top in the stock price.

Read More At Article Source | Article Attribution