AAPD ETF

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Apple's stock has been soaring the past year with a gain of over 30%, but some analysts might be unleashing the bears on its stock in 2024. With that, traders can take advantage of single-stock ETFs to capitalize on any short-term weakness Apple's stock may exhibit.

Up about 60% for the year and a shade over 3% within the past month, Apple's stock is continuing its upward momentum. That's despite recently being ordered to halt sales of the latest versions of its Apple Watch thanks to losing a patent dispute.

Big tech has obviously been a major mover for the stock market in 2023. With third quarter earnings forthcoming, there should be plenty of opportunities for broad-based ETF as well as single-stock ETF plays.

Big tech is often cited as the primary catalyst in 2023's stock market rally. Yet at some point, the laws of market gravity will set in, and what comes up must eventually come down.

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

The ETF industry has seen rapid progress since their inception. One of the latest changes in this space has been the advent of single-stock ETFs.

The ETF industry has seen rapid progress since their inception. One of the latest changes in this space has been the advent of single-stock ETFs.

Apple's stock had been climbing in 2023 until August hit. This has given bearish traders an opportunity to profit from the recent decline.