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Posted 8/31/2023, 12:17:00 PM

Apple stock set to snap longest monthly win streak in 9 years

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.

marketwatch.com

Relevant topic timeline:

8/23/2023

Apple Inc. stock outperforms market on strong trading day

Apple Inc. stock rallied 2.19% to $181.12, marking its fourth consecutive day of gains in a favorable trading session for the stock market.

8/27/2023

Apple: Not My Type Of Dividend Stock (NASDAQ:AAPL)

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.

8/29/2023

Apple Stock Pops On Same Day It Earns A Rating Upgrade

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.

8/31/2023

Salesforce Stock Tops Apple as the Dow’s Top Performer. Its Lead Is Growing.

Salesforce surpasses Apple as the top-performing stock in the Dow Jones Industrial Average and continues to gain momentum after its latest earnings report.

9/1/2023

Why Amazon Stock Can Beat the Market and Notch Its Best Monthly Streak in 20 Years

Amazon stock outperformed the broader market in August and is expected to continue this trend in September, potentially achieving its longest monthly winning streak in 20 years.

9/2/2023

Here's why stocks may surprise to the upside in September

September has historically been the worst month for stocks, but this year may be different as the excitement around AI, cash on the sidelines, and Apple's new iPhone could potentially drive positive market performance.

9/5/2023

A Bull Market Could Be Here: 2 Reasons to Buy Apple Stock

Apple shares have declined due to falling revenue in its product segments, but the company's long-term outlook remains strong, driven by its booming services business and dominant market shares, with two reasons to buy Apple stock being the upcoming iPhone launch and its potential in high-growth industries like AI and virtual/augmented reality.

9/12/2023

Apple Stock Historically Mixed Around iPhone Launches Despite Hype

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.

9/15/2023

Arm Stock Soars After $3.5 Billion IPO, Outpacing Apple Popularity

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