Although Apple hit a 52 -week high and historical high two weeks ago, it continued to struggle compared to its similar companies.
In fact, relative performance of the relative performance of the technology industry has appeared two years ago-specifically in 2022In the third quarter.Since then, Apple (AAPL) has risen by 49.9%, while the SPDR technology selection industry ETF (XLK) has risen by 92.7%.
In other words, starting from the end of the third quarter of 2022, if you invest at $ 1,000,000 to Apple, the current value is $ 1,049,900, and the same amount is invested in the S & P 500 TechnologyIndustry ETF (XLK), the current value is $ 1,092,700.
The relative expression diagram below clearly shows this trend.
For investors who have already held Apple stocks, it is recommended to continue to reduce the positioning of Apple.
This article comes from: financial industry
