Published on 22 Jul 2022 on Zacks via Yahoo Finance
Apple (AAPL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this maker of iPhones, iPads and other products have returned +12.4% over the past month versus the Zacks S&P 500 composite's +6.3% change. The Zacks Computer - Mini computers industry, to which Apple belongs, has gained 14.1% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
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