Published on 6 Feb 2023 on Zacks via Yahoo Finance
Is Trending Stock Apple Inc. (AAPL) a Buy Now?
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.
Over the past month, shares of this maker of iPhones, iPads and other products have returned +19.2%, compared to the Zacks S&P 500 composite's +8.3% change. During this period, the Zacks Computer - Mini computers industry, which Apple falls in, has gained 23.4%. The key question now is: What could be the stock's future direction?
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.