New York City, NY – Residents in the Big Apple will be closely watching Apple’s highly anticipated iPhone event scheduled for Monday afternoon. The event is expected to unveil multiple new iPhone models, including the iPhone 16 family and possibly new color options. Tech enthusiasts are also eager to hear about potential releases of new Apple Watch models and AirPods.
Morgan Stanley analysts predict that pre-orders for the new iPhones will begin on September 13th, with in-store availability and shipping starting on September 20th. However, the main highlight of the event is expected to be the unveiling of Apple Intelligence, the company’s AI platform. Analysts believe that Apple’s focus on AI will pave the way for the future development of hundreds of AI-driven apps in the coming months.
Industry experts like Alex King, founder of Cestrian Capital Research, are optimistic about Apple’s advancements in AI technology. He believes that the upcoming iPhone release will play a crucial role in introducing consumers to AI features. With Citi naming Apple as its top AI-related stock pick, the tech giant’s innovations in AI are generating significant interest among investors.
In addition to Apple’s event, market watchers are also keeping a close eye on the Federal Reserve’s upcoming decisions following the release of the August Consumer Price Index. Analysts are expecting a 0.2% rise in both headline and core CPI, indicating a potential shift in the Fed’s monetary policy. The CPI data will be instrumental in determining the extent of rate cuts during the Fed’s upcoming meeting.
Meanwhile, GameStop is set to report its earnings on Tuesday, sparking excitement among retail investors and leading to heightened options trading volume. The gaming retailer’s recent initiatives to revamp its retro locations and expand its product offerings have contributed to a 20% increase in its stock price. Other companies such as Oracle and Rubrik also have earnings reports scheduled for Monday, adding to the busy week ahead for investors.
On the economic front, analysts are closely monitoring developments in the Treasury yield curve, with Stifel analysts recommending stocks that could benefit from a bull steepening yield curve. With the possibility of a continued economic slowdown, industries like pharmaceuticals, biotech, and healthcare are expected to outperform in the current market climate. Costco, Altria, and Becton Dickinson are among the top stock picks identified by analysts as potential winners in the current economic landscape.
As the week unfolds, investors and analysts will be analyzing key economic indicators, corporate earnings reports, and market trends to navigate the ever-changing financial landscape. Stay tuned for more updates on the latest developments shaping the markets.
