1 month ago
Trade of the Day: Apple Inc. (AAPL) Stock Could Go Either Way
Apple Inc. (NASDAQ:AAPL) is set to report its next batch of earnings this week on Tuesday after the close of trading for the day. Importantly, considering Apple is the world’s largest stock by market capitalization it cannot be watched in isolation as it is a key part of many indices and ETFs, particularly of the Nasdaq 100 as represented by the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), of which it currently makes up just about 11.5%. In other words, when AAPL stock moves more than average, it will affect a good part of the stock market, at least for a short period of time.