This New Technology Rollout Could Take One Stock to New All-Time Highs

While markets have been excited about artificial intelligence this year, other tech trends haven’t gotten as much interest. That’s led to better valuations, particularly for companies that are rolling out new technologies of their own.

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  • One company in particular is putting out a new gadget that will likely significantly boost its bottom line. Even better? It looks like the company won’t be raising prices, a much-needed relief given the recent inflation.

    That company is Apple (AAPL), and the new gadget is the iPhone 15. The product launch is in a few weeks, but it already looks like the new model won’t be much more expensive than the iPhone 14.

    That could help Apple move higher – revenues and earnings have been flat over the past year. A push higher there could send shares to new all-time highs in the span of just a few months.

    Action to take: Investors should use any market drop to add a stake in Apple, given its massive cash flows and dividend growth potential. Shares currently yield 0.5 percent.

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  • For traders, shares are likely to trend higher in the coming months. The December $195 calls, last going for about $6.40, could see mid-double-digit returns, if not more, given how markets react to the iPhone 15 rollout.


    Disclosure: The author of this article has a position in the company mentioned here, and may further trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.