From Nasdaq: 2024-06-21 17:45:19

Apple (AAPL) closed at $207.49, moving -1.04% from the previous trading session, trailing the S&P 500. Shares have seen a 12.2% increase over the last month, outperforming the sector and S&P 500 gains. Apple’s upcoming earnings report is forecasted to show a 5.56% increase in EPS and revenue of $83.07 billion.

Investors are advised to pay attention to analyst estimates for Apple, as these often reflect short-term business trends. Analysts providing positive adjustments indicate optimism in the company’s business and profitability, with potential impact on stock price performance. Apple currently holds a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 31.85.

Zacks has released a free special report on profiting from the 2024 Presidential Election with 5 recommended stocks to capitalize on election-year market trends. Potential choices include a medical manufacturer with 11,000% gains in 15 years, a rental company excelling in its sector, an energy powerhouse aiming for a 25% dividend growth, an aerospace defense company securing an $80 billion contract, and a chipmaker expanding U.S. operations.



Read more at Nasdaq: Why Apple (AAPL) Dipped More Than Broader Market Today