Apple Inc. stock outperforms market on strong trading day

Shares of Netflix Inc. rallied 1.20% on a negative trading day, outperforming its competitors.

This article mentions the stock of Apple (NASDAQ:AAPL). The author's suggestion is not explicitly stated, but they express concerns about the low dividend yield, modest dividend growth, and potential overvaluation of Apple's stock. The author also discusses Apple's strong brand, the possibility of an acquisition of Disney's assets, and the headwinds and risks facing the company. The author suggests that a recession or market correction could lead to a potential price drop and provide a good entry point for investors. However, they also acknowledge the potential for the stock to continue trending upwards, especially during the holiday season.

Snap Inc. shares rallied 4.66% on Tuesday, outperforming its competitors and marking the stock's second consecutive day of gains.

Tilray Brands Inc. stock rallied 2.13% in a great trading session, marking its third consecutive day of gains.

Apple stock rose more than 2% on Tuesday ahead of its Sept. 12 event where the company is expected to announce new products, including the iPhone 15 and new Apple watches.

Shares of Salesforce rallied nearly 6% in pre-market trading after the company reported better than expected second-quarter results, highlighting its focus on becoming the top AI CRM provider. The company's revenue beat estimates, and it raised its revenue outlook for 2024.

Apple's stock is on track to snap a seven-month winning streak, despite a 6.3% rally over the past two weeks, as concerns over declining smartphone demand continue to affect the technology behemoth.

Apple's stock market value surpassed $3 trillion for the first time, driven by signs of improving inflation and expectations of successful expansion into new markets, with technology stocks rebounding on bets that the US Federal Reserve may slow its rate hikes.

Apple's market value has dropped by 10%, or $310 billion, due to slowing growth, disappointing third-quarter results, declining iPhone sales in China, and a lack of new high-growth products, raising concerns about the company's future prospects.

Amazon stock rallied 3.52% as the overall stock market had a great trading session, with the S&P 500 and the Dow Jones Industrial Average also rising.

Tech stocks rallied, with Tesla surging more than 10% after an upgrade by Morgan Stanley, and Qualcomm jumping almost 4% on news of a continued supply agreement with Apple, leading to a 1.14% increase in the Nasdaq Composite.

Investors hoping for a surge in Apple's stock on iPhone launch days may be disappointed, as historical data shows that the stock usually falls on the day of the announcement and the release, but gains in the months following the release.

Arm stock is experiencing a second day of gains and is currently more popular than Apple.