AAPL

Moving with the market

• AAPL +1.02% on the last session vs SPY +0.74%: +0.3 pts of stock-specific move.
• Aftermath, big drop (Sep 29): After its 55 big drops in the past 5 years, AAPL typically gained 2.9% over the next month (median) and was higher 62% of the time; half the outcomes fell between -0.9% and +8.3%. An ordinary month: +1.8%. Among S&P 500 stocks after big drops, that ranks #101 of 500.
• 1 Reddit mentions in the past 24 hours, 73% positive over the week.
• 3 analyst actions in the past 10 days (0 positive, 1 negative); latest: Morgan Stanley maintained Overweight, lowered target $360 → $355.
• 8 insider or congressional trades in the past 30 days.
• Market backdrop (Fri): Average Hourly Earnings m/m 0.1% vs 0.3% expected (cooler); Non-Farm Employment Change 29K vs 89K expected (weaker); S&P futures +0.41%, 10-year yield -5bp in the 30 minutes after.