Schwab Network on $AAPL (Oct 27, 2026)

At the top of your list today is Apple, and we've talked a lot about what the John Turnus era will be like , because he's essentially a hardware expert and he's proving his mettle with the new Home Collection Duo.

We're going to get new MacBooks and many other new and improved products.

Yes, that's definitely part of it because there are big launches happening now and you're right , that's my pick as the best stock of the year. This is still my favorite consumer AI.

AI is becoming part of everyday life, faster devices, a deeply integrated ecosystem, and I think it could create multi-year upgrade cycles. That's what we're looking for in Apple, but the difference is that Apple has the financial strength to invest in that future and at the same time they're generating a lot of cash.

So, I'm looking for agentic AI that can drive the multi-year upgrade cycle of Apple devices. Today we have the M6 launch. I just upgraded my Mac, thinking about doing it again because it delivers on-device AI performance five times faster than the M4 launcher.

I have an M5. So, but for those power AI users , even enterprise or, sorry, consumers , you're even using a Mac to run competitors' software and it's important to know that Apple products are LLM neutral, which is a great thing for this upgrade cycle and for Apple users.

And last but not least, what should come first is cash income. Looking at free cash flow , it reached 51.55 billion in December 2025. This was 91% more than the previous year. However, it declined to around 31.91 billion in the last quarter , but accelerated again in June 2026 and was 31% higher than the previous year.

But if we compare cash flow to other hyperscalers, Apple is in a very good position, with a very strong balance sheet and great customer adoption. So, this is my best stock of the year so far.

Okay. And when we look at Mag Seven , Apple is the best performer in this group, up just under 30% year-to-date and over the past 52 weeks.

Okay, this is trying for a breakout here. Let's see if that actually happens today. Apple has performed relatively well over the past year or so , even when we saw the stock suffer some losses as the AI narrative was n't in their favor.

But when it faced that collapse , it was able to hold the 200-day moving average. And from there we start to see this breakout to the upside or a higher downtrend, which is clearly bullish.

And now we have a kind of triangular structure forming here, with the lower levels pointing upwards and the upper levels almost equal. And we've been trading within the same range for the last 2 weeks , Marley.

And today we are trying to break above that resistance level. And if we can do that , if you look at the expansion, then we're talking about another $ 25 to $30 increase from the current level.

And this will take you to the next major resistance area, around $380. Now, the RSI is making lower highs and higher lows. And you can see that we are seeing a kind of consolidation in price , which is why we are seeing a pretty flat line on the RSI.

The same is true for MACD. I mean, the 12 EMA and the 26 EMA are almost at the same level and are flattening out here.

You're liking the technical setup , you're targeting a bit of a breakout. If not, the 20-day moving average will serve as your first support area , followed by the 50- day moving average.

And if we look at the weekly chart, you can be a little more optimistic about this stock. We can see that, looking at the 3-year weekly chart, it was again forming higher highs and lower lows, but we have broken the channel formation that has been intact for the past two and a half years.

And we are creating new relative peaks. You are also seeing volume or transaction volume increase at the current level, which means there are a lot of transactions happening at this level.

We have not yet seen a major decline or collapse. We have a slight bearish divergence on the RSI forming a lower top , while the MACD is in a bullish position with the 12 EMA above the 26 EMA.

This indicates that Apple is still bullish for the long term.

Okay, and we're currently just $4 away from Apple's all-time high that we recently touched. We are at $347.32, up one percent in today's session.