From Nasdaq: 2024-05-07 15:13:00

Apple’s recent quarterly results have exceeded expectations, driving its stock up 8% and outperforming the S&P 500. The company has been developing AI chips for data centers, and its ‘Let Loose’ event showcased new products like the thinnest iPad Pro and an upgraded Apple Pencil Pro.

The event also introduced new versions of the iPad Air and iPad, powered by the Apple M2 chip. Despite no groundbreaking announcements, Apple stock has been on the rise, with better-than-expected results. The company recently announced a $110 billion buyback and a 4% increase in quarterly payouts, reflecting positive sentiment.

As the presidential election approaches, Zacks offers a special report on 5 stocks with extreme upside potential for both Democrats and Republicans. These include a medical manufacturer with an 11,000% gain in the last 15 years, an energy powerhouse planning to grow dividends by 25%, and a giant chipmaker building large plants in the U.S.



Read more at Nasdaq: Apple Event: What Investors Should Know