Apple Inc. is one of the most widely owned stocks in the world. It is the largest holding in both the S&P 500 and Nasdaq 100 index. If you are a passive investor and own broad-based, market-cap weighted index funds, you likely own a lot of Apple. In recent months, the mega-cap technology names that make up similar benchmark indices have fallen out of a favor. Stocks like Apple, Facebook, Nvidia, Microsoft and Adobe have seen their relative strength charts top between July and September of 2020. In the mean time, equal-weight indices and smaller cap size companies have outperformed.
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