Published on 20 Jul 2022 on Zacks via Yahoo Finance

Apple (AAPL) Outpaces Stock Market Gains: What You Should Know

Apple (AAPL) closed the most recent trading day at $153.04, moving +1.35% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq lost 0.02%.

Coming into today, shares of the maker of iPhones, iPads and other products had gained 11.14% in the past month. In that same time, the Computer and Technology sector lost 12.83%, while the S&P 500 gained 7.25%.

Apple will be looking to display strength as it nears its next earnings release, which is expected to be July 28, 2022. On that day, Apple is projected to report earnings of $1.13 per share, which would represent a year-over-year decline of 13.08%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $81.86 billion, up 0.53% from the year-ago period.