Apple Stock Rises on Upbeat Growth and Valuation Outlook
• Apple (AAPL) stock rose 0.74% and outperformed the broader market indexes.
• Apple is expected to report strong EPS and revenue growth in its next earnings release.
• Analyst estimate revisions for Apple have trended upward over the past month.
• Apple stock trades at a premium valuation compared to its industry average.
• The Computer - Mini Computers industry ranks in the top 37% of all Zacks-covered industries.