Apple (AAPL) stock rises by 1.24% and outperforms S&P 500 and Dow

From Nasdaq: 2024-06-07 17:45:10

Apple (AAPL) closed at $196.89, up by +1.24%, outperforming the S&P 500 and Dow. The stock has risen by 5.37% in the past month. Apple is projected to report earnings of $1.33 per share and revenue of $83.07 billion. Analysts have positive revisions in estimates for the company.

Apple is currently a Zacks Rank #3 with a Forward P/E ratio of 29.58. The PEG ratio is 2.37, slightly higher than the industry average. The Computer – Mini computers industry is in the top 36% of all industries. Stay updated on Zacks.com for more stock-shifting metrics.

Zacks experts have identified a little-known chemical company with high growth potential. With soaring earnings estimates and share repurchasing, this company could double in value. Retail investors could see explosive upside. This stock has potential to rival previous high-growth stocks like Boston Beer Company and NVIDIA.



Read more at Nasdaq: Apple (AAPL) Rises As Market Takes a Dip: Key Facts