Direxion Daily AAPL Bear 1X Shares

AAPD

Market cap $20.4M

There was a time when betting against Apple stock was a dangerous pursuit — borderline heresy in the eyes of some. Those risks linger as highlighted by the fact that the stock gained nearly 8% for the month ending Oct. 3.

Apple held its “Awe Dropping” event on Tuesday, showcasing its upcoming products that included the new iPhone 17.

Apple Inc. (Ticker: AAPL) is having a rare off-year, down roughly 20% year-to-date as questions swirl around its innovation pipeline, product execution, and ability to compete in the generative AI race. But the tech titan isn't standing still.

Following Meta and Microsoft, the earnings bonanza continued for the market's biggest players, with Apple and Amazon next on the docket. Both beat out Wall Street estimates, sloughing off any notion that tariffs could negatively impact their final Q2 results.

If you're going to be part of the Magnificent Seven, you better do something that's, well

As seasoned investors already know, the 24-hour news cycle can change markets quickly and swiftly. After weathering the tariff tantrum storm, downtrodden Magnificent Seven stocks are starting to look magnificent again thanks to U.S.-China trade deal news, but caution is always warranted.

A peek into Berkshire Hathaway's top holdings reveals that Warren Buffett certainly has a liking for Apple's stock, comprising just over a quarter of its portfolio. It's easy to see why.

Before the start of 2025, AI stocks were soaring en route to resuming their rally. Things have obviously changed given a pair of Direxion leveraged/inverse ETFs switching spots.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

In China, local rivals have dethroned Apple as the top-selling smartphone manufacturer, according to Reuters. Apple has been atop the smartphone sales list in China since 2016.