Should You Buy Apple Stock Before July 30?

Apple is set to report fiscal Q3 earnings on July 30 with analyst expectations of 16% revenue growth and 20% earnings growth. While the stock has hit all-time highs and shown strong momentum with a 58% gain over the past year, the author advises against buying before the earnings report, citing concerns about valuation (trading at 35x next fiscal year's earnings) and the cyclical nature of Apple's growth, which hasn't sustained double-digit revenue growth for consecutive years in the post-Jobs era.