For those that need reassurances about value (and we all do at times) NFLX has a PE of 644 and Apple has a PE of 9.
I know you heard this before the comparisons but listen up. Wall St is not dumb they are very aware that Apple undervalued and neflix is overvalued. This is a physiological game that pays them well. Which one do they want to own? Apple of course. they are fleecing longs in NFLX but they will hammer them down. They are fleecing longs in Apple but they can only do that for so long because the numbers speak for themselves. And by the way NFLX has over 125B in off-balance sheet debt that you can't see because it is off-balance sheet. Wall know this but NFLX longs don't.. Rest assured Apple will be well over 700 in 12 months.
In addition to the low PE Apple has tons of cash too. Like $140 billion. Approx $150 of share price is reflective of simple cash value, if Apple closed tomorrow and just paid out share holders $150 is what they would get. Ergo, Apple is really trading at about $280 per share based on earnings. What is that PE-wise? About 6?
Wall street grins when someone rests assured of a particular outcome like that.
Rest assured that you're comfortable with your investments no matter where the stock goes, and that you have a plan for in case it becomes uncomfortable.