Trending Stocks: Apple, Amazon, NXP Semiconductors, GE, and More

Apple Inc. (NASDAQ:AAPL) is trending after the tech giant delayed the launch of its wireless headphone product, AirPods, which was originally set to hit the market in late-October. Seeing as it’s a new product, Apple will take “a little more time” to perfect it.

“The early response to AirPods has been incredible. We don’t believe in shipping a product before it’s ready, and we need a little more time before AirPods are ready for our customers,” an Apple spokesperson said.

Given the improvements in AI and speech recognition, AirPods could be another valuable product platform for Apple that could allow it to offer more apps and services to its buyers if the reception is strong. Thus, successful uptake of the wireless headphones could make a difference in the stock in the long run. Some smart money funds weren’t too bullish on Apple during the second quarter, as our data shows the number of funds that we track which had holdings in Apple Inc. (NASDAQ:AAPL) fell by 36 quarter-over-quarter to 116 at the end of June.

Last but not least, traders are talking about General Electric Company (NYSE:GE) after the company entered into an agreement to buy 75% of Concept Laser GMBH for €549 million, or roughly $599 million. In addition, GE also raised its offer for Arcam, a European 3D printer maker, to 300 Swedish crowns per share, from the previous offer of 285 crowns. That values Arcam at 6.2 billion Swedish crowns, or roughly $696 million. The two purchases/attempted purchases are part of GE’s overall strategy of beefing up its additive manufacturing operations, which could grow substantially over the decades to come. 57 funds in our database had a long position in General Electric Company (NYSE:GE) at the end of June, down by seven funds from the end of March.

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