After a multi-month rally, the broader stock market might have begun to consolidate and even sell off last week. However, renewed COVID-19 concerns are expected to mostly affect the “reopening” investment plays, and to a lesser extent, tech. The most valuable company in the world, Apple, Inc. (AAPL) took a bit of a hit on Friday, although analysts foresee a long-term opportunity for upside. (See Top Smart Score Stocks on TipRanks) Providing several factors for his explanation is Daniel Ives of Wedbush Securities. He wrote that the multinational technology firm should continue to see high growth from its iPhone and Airpods holiday sales, despite persisting supply chain woes.
https://www.tipranks.com/news/article/apple-poised-for-high-demand-holidays?utm_source=advfn.com&utm_medium=referral