Apple Inc. (AAPL) has been one of mega-cap tech’s standout stocks, beating the averages and the “Magnificent Seven” as a group. But will it still lead the way after this pivotal week?
Check out the MoneyShow Chart of the Day, which shows how AAPL stock has performed relative to the SPDR S&P 500 ETF (SPY) and the Roundhill Magnificent Seven ETF (MAGS). You can see that AAPL’s 16.6% year-to-date return handily tops the 12.3% rise in the SPY – and almost triples the 5.7% gain for MAGS.
AAPL (Red), SPY (Green), MAGS (Blue) – YTD % Change
Source: TradingView
This week is a big one for the big tech standout though! CEO John Ternus just took over from Tim Cook, and he’ll be leading the firm’s annual product showcase event for the first time today.
Wall Street expects to see the first foldable iPhone – one that could come with a $2,000-plus price tag – as well as a new iPhone 18 Pro model and upgraded Apple Watch offerings. Further down the road, Apple could roll out products like AirPods with built-in cameras, a smart home tabletop device, smart glasses, and more, according to Bloomberg.
For traders, the question here is whether you should stick with AAPL stock as a tech sector leader...or pivot to other names in the group. Today’s event – and the market reaction to it – could provide some key tells. So, be sure to pay attention!
