So, Apple is having a bad year, you say?With shares hitting an all-time high this week and the gap in performance narrowing over the past month, that conversation can now be put to rest.The uptick has coincided with reports Apple has boosted the production rate of its iPhones, instructing manufacturers to build 90 million iPhones this year, a 20% increase on the 75 million units it produced last year.The renewed optimism in all things Apple is not surprising to J.P. Morgan’s Samik Chatterjee. T
When Big Tech Stumbles, the Market Can Fall Hard. These 5 Funds Can Help.
It is possible to have too much of a good thing. After riding five megacap technology stocks to new highs after new highs, investors’ portfolios may be uncomfortably concentrated in these winners at a time that some strategists see a potential turn ahead in the markets.Investors’ portfolios are chock-full of these stocks, leaving them less diversified for a possible turn in the market. These companies are already beginning to slow down. Take Amazon, which accounts for roughly 4% of the S&P 500—m
One Wall Street analyst sees Apple stock rising 40% in the foreseeable future. The Apple Maven looks at what could be the key catalyst for such share price appreciation.On June 21,the Apple Maven reviewed a cautious takeon Apple stock -Get Report by Wall Street research shop Bernstein. Toni Sacconaghi believes that the iPhone 13 presents challenges, and that waiting to buy AAPL after a $20 drop is most prudent.Today, we review a much more upbeat take from an analyst that believes that shares of