Apple defied its naysayers to rise 10.3% this week, including a 3.5% gain Thursday on positive news about its iPhone 7 sales. The benefit from the upturn will have widespread benefit for portfolio managers, as Apple (NASDAQ:AAPL) was the most-purchased S&P 500 stock of all large funds in the U.S. in the second quarter.
Of approximately 4,500 firms managing more than $100 million, 1,177 bought or added to a position in Apple, according to GuruFocus data.

from Forbes – Tech http://ift.tt/2cteB22
via IFTTT