Major stock market indexes are near record highs and second-quarter S&P 500 earnings were the highest in more than two years. Despite this favorable backdrop, only four stocks made Friday's Sector Leaders screen from Investor's Business Daily. Nvidia stock reversed lower from record highs June 20 and went into a frightful three-day, 16% sell-off. Read More...
Apple Will Be the ‘Leader’ of the AI Consumer Experience
Apple stock will continue to rise as the company’s generative artificial intelligence products, set to launch this fall, lead to an acceleration of growth in revenue and earnings, an Oppenheimer analyst says. Analyst Martin Yang increased his price target for Apple to $250 from $200, which implies a 21% increase from the stock’s closing price of $214.10 on Thursday. Yang wrote on Friday that he expects the stock to rise based on optimism over the company’s AI initiatives and how they are geared toward the consumer experience.
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