Apple Stock Boosts Dow After Strong iPhone Sales
Apple stock (AAPL) is leading the Dow today, up 4.3% to $263.18, following positive iPhone 17 sales in the U.S.
Analysts at Evercore and Loop Capital have responded with bullish notes, with Evercore adding Apple to its "tactical outperform" list, citing the company as "well positioned to report upside." Loop Capital upgraded its rating to "buy" from "hold."
- Evercore: added Apple to its "tactical outperform" list
- Loop Capital: upgraded rating to "buy" from "hold"
Apple is "well positioned to report upside"
Options traders are showing a bias toward calls, with 4,931,726 calls and 2,449,264 puts exchanged in the last 10 sessions.
AAPL has consistently appeared on the list of equities with the highest options volume over the past six months.
Author's summary: Apple stock rises after strong iPhone sales.