Is Apple stock set to rise?
Apple is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, as well as online services. During the COVID-19 lockdowns, Apple has gained as a so called ‘stay at home’ stock. Consumer demand for Apple has been strong during the last year and the stock is in a strong time of the year right now.
The average return between February 22 and May 08 over the last 25 years has been +11.78%. The stock has risen 20 times over the last 25 years during this period.
Trade Risks: The main risk to this trade is on a negative risk tone that weighs on stocks.