Apple Stock: June Could Be Its Best Month This Year



Apple stock

As of June 25, Apple stock had surged 11.7% this month after falling 12.8% in May. Markets’ rally in June, triggered by renewed US-China trade optimism, has sustained AAPL’s gains this month. The S&P 500, NASDAQ Composite, and Dow Jones Industrial Average have risen 6.0%, 5.8%, and 7.0%, respectively, this month, while tech stocks NVIDIA (NVDA), Qualcomm (QCOM), Facebook (FB), and Amazon (AMZN) have risen 11.8%, 8.6%, 6.4%, and 5.8%.

Article continues below advertisement

2019 Worldwide Developers Conference

At its 2019 Worldwide Developers Conference from June 3 to 7, Apple made several interesting announcements about Pro Display XDR, macOS Catalina 10.15, iOS 13, iPad OS, iOS 13, watchOS 6, tvOS 13, and third-generation Mac Pros.

These new announcements regained investors’ confidence, boosting Apple stock by 8.6% in the first week of June. Meanwhile, the NASDAQ Composite inched up by 3.9%.

Of the first five months of this year, March was the best for Apple stock, which rose 9.7%. If the stock can sustain its current month-to-date gain of 11.7%, June would be the best month for Apple this year.


More From Market Realist