Apple (AAPL) Outperforms Broader Market: What You Need to Know

Apple (AAPL) closed at $337.30, up 1.47%, outperforming the S&P 500's 1.14% gain. The stock has gained 4.92% over the past month. Analysts project upcoming earnings of $1.99 per share (7.57% YoY growth) with revenue expected at $112.84 billion (10.12% growth). However, Apple carries a premium valuation with a Forward P/E of 37.43 versus the industry average of 21.45, and holds a Zacks Rank of #3 (Hold).