4 of our stocks are helping Nasdaq's rise Friday — why Apple isn't one of them

Market Overview - Stocks are trading higher on the first trading day of the new year, with the S&P 500 attempting to end a four-session losing streak. The Dow is weaker while the tech-heavy Nasdaq is performing well, largely due to gains in semiconductor stocks Nvidia and Broadcom, which are up 1.7% and 1.2% respectively [1][1][1] - Other strong performers include AI infrastructure stocks GE Vernova and Eaton, which are up 3% and 2.5% respectively. Vertiv shares surged 8% after Barclays upgraded the stock to a buy and raised its price target from $181 to $200 [1][1][1] Company-Specific Insights - Nike shares fell more than 1% on Friday, reversing a 4% gain from Wednesday, which was driven by insider buying from board members including Apple CEO Tim Cook and former Intel CEO Bob Swan. Nike CEO Elliott Hill also purchased approximately $1 million in shares, indicating confidence in the company's turnaround and belief that the stock is undervalued [1][1][1] - Apple shares decreased by 0.9% after being initiated with a hold rating at Raymond James. Analysts expressed concerns that the current valuation is becoming too expensive, limiting upside potential. Despite solid growth in the iPhone 17 lineup, investors are seeking innovation in AI initiatives to enhance consumer interest in future iPhone sales [1][1][1]