Published on 12 Sep 2023 on Zacks via Yahoo Finance

Here is What to Know Beyond Why Apple Inc. (AAPL) is a Trending Stock

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 -0.1% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Computer - Mini computers industry, to which Apple belongs, has gained 0.9% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.