Apple stock (NASDAQ: AAPL) is forming a technical buy point and is nearing a breakout pattern, according to the IBD Methodology. AAPL opened Thursday’s bell at $275 and is building a cup base with an entry point at $288.62. Another low buy point has formed at $280.90, indicating that traders can be ready to accumulate the upcoming dips.
Tech stocks, including Apple, remain under pressure due to AI spending vs revenue concerns. The tech giant is spending an additional $14 billion in working capital for 2026 alone, which includes data centers for ‘Apple Intelligence.’ The research and development (R&D) has received another $30 billion, and a significant portion of it is going into AI.
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Apart From Apple, 3 Other Stocks Forming a Technical Buy Point
The IBD MarketSurge chart analysis, which has given Apple stock a buy point, has also noted three other equities in the list. The stocks include Royal Caribbean (RCL), Sterling Infrastructure (STRL), and Amer Sports (AS). These three equities are now a must-watch, as they are awaiting a breakout point, past their correction levels.
Royal Caribbean Cruises stock (NYSE: RCL) is trading at $333, and the analysis noted it is well within the buy point. Meanwhile, Amer Sports stock (NYSE: AS) is also under the buy point, and accumulation at $40 or below is advised. Apple stock is preferred as the fundamentals remain strong with better revenues and market share domination.
Just recently, the $2.6 billion asset manager Howland Capital Management LLC raised its stake by 5.8% in Apple stock. The asset-management firm is also bullish on AAPL, which manages around 466 institutional clients. According to the latest 3rd quarter filing, Howland Capital Management purchased 29,015 AAPL shares. The firm owns an overall share of 527,531 in AAPL, and takes 5.1% of the company’s broader portfolio. The shares are currently worth $145 million as AAPL’s price is at the $275 level.
