Apple Versus the Energy Sector: Which Is the Better Buy?
@AfraSimon:
Apple(AAPL) launched a bunch of new products on Jun. 6. While the company is doing fine, AAPL stock is not, down over 15% in 2022. With this decline, the energy sector could be the better bet. On Jun. 6,Apple$Apple(AAPL)$ held its Worldwide Developers Conference. The company introduced new versions of the MacBook laptop and several other interesting products. Despite the excitement these announcements always create, AAPL stock gained less than 1% on the day.The reality is that tech isn’t on the minds of buyers at the moment. That award goes to the energy sector. Gas prices over $5 will do that.Interestingly, Apple has a6.5% weightingin the S&P 500, 170 basis points higher than the entire energy sector. At this point, Apple’s share price is t