Apple Stock Boosts Dow After Strong iPhone Sales
Apple stock (AAPL) is leading the Dow today, up 4.3% to $263.18, following positive iPhone 17 sales in the US.
Analysts at Evercore and Loop Capital have responded with bullish notes, with Evercore adding Apple to its "tactical outperform" list, citing the company's strong position to report upside. Loop Capital upgraded its rating to "buy" from "hold".
- Evercore: added Apple to its "tactical outperform" list
- Loop Capital: upgraded rating to "buy" from "hold"
Options traders are showing a bias towards calls, with Apple appearing on the list of equities with the highest options volume for the past six months.
Apple is "well positioned to report upside"
In the last 10 sessions, 4,931,726 calls and 2,449,264 puts were exchanged, with the January 2026 290-strike call being the top trade.
Author's summary: Apple stock rises after strong iPhone sales.