Apple Inc (NASDAQ:AAPL, ETR:APC) shares could move higher if the iPhone maker demonstrates compelling new features or raises device prices at its upcoming ‘It's Glowtime' event on Monday, September 9. At the event, Apple is expected to debut the iPhone 16 line-up.
September is often volatile for the stock market, with opportunities for investors to capitalize on market shifts. While economic uncertainty lingers, fueled by factors like inflation, rising interest rates, and potential recession, some stocks have the potential to outperform.
Investors should look for companies that sell top products and services in their respective industries. Taking care of customers should lead to strong financial performance.
Technology remains a compelling sector, and these two stocks are particular standouts. Microsoft generated over $245 billion in its latest quarter as Azure AI customers soared.
Recent insider trading allegations involving United States politicians have focused on major stocks such as technology giants Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL). However, smaller stocks are now drawing attention.
Apple Inc (NASDAQ:AAPL, ETR:APC)'s Phone manufacturing partner Hon Hai saw revenues surge by a third year on year in August, with unaudited sales reaching 548 billion new Taiwanese dollars (around US$17 billion). Current-year accumulated revenue stood at more than US$124 billion at the end of the month, approximately 9.5% higher than the previous year.
The Taiwanese tech company has sought to diversify away from electronics in recent years and has set itself the goal of capturing 40% of the overall AI server market.
Apple is set to debut its first lineup of AI-ready iPhones on September 9. Companies like Microsoft, Samsung, and Google have tried to sell AI hardware, but with little success so far.
Buffett says Berkshire sold shares to take advantage of the capital gains tax rate. Right now, Apple shares trade at a significant premium over the market.
Apple's (AAPL) "It's Glowtime" event is set to take place on Monday, Sept. 9, where the company is expected to unveil the iPhone 16 supercharged with artificial intelligence (AI) capabilities.
Meta has suggested that Apple should be responsible for App Store age verification. That's convenient for Meta, but Apple has lobbied hard to axe any legislation that would force this.
Apple, Nvidia and Broadcom stocks are all down in September.