Should Invesco Dividend Achievers ETF (PFM) Be on Your Investing Radar?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
0mins
Should l Buy AAPL?
Source: NASDAQ.COM
Invesco Dividend Achievers ETF Overview: The Invesco Dividend Achievers ETF (PFM) is a passively managed fund focused on the Large Cap Value segment of the US equity market, with assets over $697 million and an annual operating expense ratio of 0.53%. It aims to match the performance of the NASDAQ US Broad Dividend Achievers Index, featuring significant holdings in Information Technology, Financials, and Healthcare sectors.
Performance and Comparison: PFM has shown a year-to-date gain of 16.28% and a one-year increase of approximately 23.33%, while maintaining a medium risk profile with a beta of 0.83. Other similar ETFs like Schwab U.S. Dividend Equity ETF (SCHD) and Vanguard Value ETF (VTV) offer lower expense ratios and larger asset bases, making them alternatives for investors seeking dividend-paying stocks.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 276.830
Low
239.00
Averages
306.89
High
350.00
Current: 276.830
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apple's App Store Revenue Grows 3.7% Year-over-Year
- App Store Revenue Growth: According to BofA, Apple's App Store revenue reached $3.2 billion in Q3 FY2026, reflecting a 3.7% year-over-year increase, indicating strong market demand and enhanced user engagement, with projected services revenue growth of 14% further solidifying Apple's market position.
- Downloads and Revenue Relationship: In the same quarter, total downloads for iPhone and iPad reached 3.1 billion, up 0.7% year-over-year, while App Store revenue per download increased to $1.01, a 3% rise, demonstrating sustained demand for high-quality apps that drives overall revenue growth.
- Chinese Market Performance: China's App Store revenue grew by 10.2% year-over-year, marking the first double-digit growth since April 2025, indicating a recovery in Apple's Chinese market, despite a 2.6% decline in downloads, the revenue increase suggests a strengthening consumer spending willingness.
- AI Application Competition: Analysts noted that search-oriented AI apps are gaining a larger share of daily active users (DAU), with Google search app's market share declining from 87.5% in January 2025 to 72.9% in April 2026, reflecting Apple's potential competitive advantage in the AI space.
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Buffett's Strategic Investment in Apple Drives Exceptional Returns
- Exceptional Investment Returns: Berkshire Hathaway's investment in Apple since 2016 has resulted in a staggering 107,400% increase in stock value, reinforcing Buffett's status as a legendary investor and showcasing the effectiveness of long-term investment strategies.
- Strong Financial Performance: In the second quarter of fiscal year 2026, Apple's sales grew nearly 17% year-over-year to $111.2 billion, marking the fastest growth rate in over three years, which highlights the company's robust competitive position and sustained consumer demand.
- Product Innovation and Market Expansion: Apple plans to launch a more personalized Siri and a foldable iPhone, leveraging AI technology to enhance product appeal, which is expected to drive further sales growth and expand its customer base, thereby increasing market share.
- Record High Services Revenue: Apple's services revenue reached an all-time high of approximately $31 billion in Q2 2026, growing 16% year-over-year, and with over 2.5 billion active devices, the expansion of its services ecosystem presents significant long-term growth opportunities for the company.
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- Capacity Expansion: This partnership will increase Corning's optical manufacturing capacity in the U.S. tenfold, addressing the growing demand for fiber optics and strengthening the company's competitive position in the optical communications market while supporting future technological innovations.
- Technology Integration: Nvidia plans to replace traditional copper cables in its AI systems with Corning's optical fibers, a technology known as co-packaged optics, which is expected to vastly improve data transfer speeds and reduce energy consumption, driving advancements in AI infrastructure.
- Positive Market Reaction: Corning's stock surged 14% following the announcement, while Nvidia's shares rose nearly 3%, reflecting market optimism about the potential of their collaboration and further solidifying their leadership positions in the AI sector.
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Apple Explores US Chip Production Options Amid Supply Constraints
- Supply Chain Transformation: Apple is in early talks with Intel and has visited Samsung Electronics' facilities in Texas, indicating its exploration of US-based production options for its main processors, although no orders have been placed, this move reflects Apple's strategic intent to seek alternatives beyond TSMC.
- Chip Supply Constraints: With AI data center demand surging, Apple faces chip supply limitations, and CEO Tim Cook noted that current supply chain flexibility is below normal levels, with several months needed to achieve supply-demand balance, posing challenges in meeting demand for products like the Mac mini and Mac Studio.
- Positive Market Reaction: Apple's preliminary interest has driven Intel's stock up 4% in premarket trading on Tuesday, with Intel shares having risen 160% this year, which could bolster CEO Lip-Bu Tan's push to build Intel's foundry business, showcasing Apple's potential influence on supply chain choices.
- Need for Geographic Flexibility: Apple expects to receive 100 million chips from TSMC's Arizona operations by 2026, covering only a small fraction of its annual shipments, thus seeking more supply options to enhance resilience and flexibility in one of the world's most critical hardware supply chains.
See More
Buffett's Long-Term Investment Strategy and Apple's Outlook
- Investment Philosophy: Buffett's investment philosophy emphasizes the long-term holding of quality companies' stocks, particularly Coca-Cola and American Express, which has allowed Berkshire Hathaway to outperform the S&P 500 over the past 60 years, showcasing the success and stability of his investment strategy.
- Apple Investment Returns: Buffett's initial investment of $35 billion in Apple in 2016 has grown to $185 billion, reflecting his deep understanding of consumer behavior and high regard for CEO Tim Cook's management capabilities, which not only yielded substantial returns for Berkshire but also solidified its position in the tech sector.
- Market Performance: Apple's latest quarterly results exceeded analyst expectations, with projected revenue growth of 14% to 17%, significantly higher than the 9.5% market forecast, and record-high services revenue, indicating Apple's strong competitive edge and ongoing growth potential in the consumer market.
- Management Transition: With Cook handing over the CEO role to Senior Vice President of Hardware Engineering John Ternus, Apple is at a pivotal transition point, where the new leadership may bring innovative product expertise, further driving the company's growth and market share.
See More
Easing Middle East Tensions Boost Market Sentiment
- Market Sentiment Rebound: Signals of easing tensions in the Middle East have buoyed investor sentiment, leading to a rise in U.S. stock futures, with the S&P 500, Dow, and Russell 2000 futures up 0.3% and Nasdaq futures gaining 0.7%, reflecting optimism about future economic recovery.
- AMD Earnings Surge: AMD reported a blockbuster earnings forecast with a projected $11.2 billion in Q2 revenue, significantly higher than last year, causing its stock to jump 19% in pre-market trading and reigniting interest in AI-related stocks, indicating strong market focus on tech equities.
- Job Data Anticipation: Investors are keenly awaiting the upcoming ADP Private Payrolls report, which will provide insights into the health of the labor market ahead of Friday's official jobs report, potentially influencing market trends.
- Legal Resolution for Apple: Apple has settled a $250 million lawsuit concerning delays in Siri AI features, removing a legal hurdle for its software roadmap, which is expected to enhance investor confidence in Apple's future development.
See More
Apple's App Store Revenue Grows 3.7% Year-over-Year
- App Store Revenue Growth: According to BofA, Apple's App Store revenue reached $3.2 billion in Q3 FY2026, reflecting a 3.7% year-over-year increase, indicating strong market demand and enhanced user engagement, with projected services revenue growth of 14% further solidifying Apple's market position.
- Downloads and Revenue Relationship: In the same quarter, total downloads for iPhone and iPad reached 3.1 billion, up 0.7% year-over-year, while App Store revenue per download increased to $1.01, a 3% rise, demonstrating sustained demand for high-quality apps that drives overall revenue growth.
- Chinese Market Performance: China's App Store revenue grew by 10.2% year-over-year, marking the first double-digit growth since April 2025, indicating a recovery in Apple's Chinese market, despite a 2.6% decline in downloads, the revenue increase suggests a strengthening consumer spending willingness.
- AI Application Competition: Analysts noted that search-oriented AI apps are gaining a larger share of daily active users (DAU), with Google search app's market share declining from 87.5% in January 2025 to 72.9% in April 2026, reflecting Apple's potential competitive advantage in the AI space.
See More
Buffett's Strategic Investment in Apple Drives Exceptional Returns
- Exceptional Investment Returns: Berkshire Hathaway's investment in Apple since 2016 has resulted in a staggering 107,400% increase in stock value, reinforcing Buffett's status as a legendary investor and showcasing the effectiveness of long-term investment strategies.
- Strong Financial Performance: In the second quarter of fiscal year 2026, Apple's sales grew nearly 17% year-over-year to $111.2 billion, marking the fastest growth rate in over three years, which highlights the company's robust competitive position and sustained consumer demand.
- Product Innovation and Market Expansion: Apple plans to launch a more personalized Siri and a foldable iPhone, leveraging AI technology to enhance product appeal, which is expected to drive further sales growth and expand its customer base, thereby increasing market share.
- Record High Services Revenue: Apple's services revenue reached an all-time high of approximately $31 billion in Q2 2026, growing 16% year-over-year, and with over 2.5 billion active devices, the expansion of its services ecosystem presents significant long-term growth opportunities for the company.
See More
Corning and Nvidia Partner to Expand Fiber Optic Production
- Job Creation: Corning and Nvidia are establishing three advanced manufacturing facilities in North Carolina and Texas, expected to create at least 3,000 new jobs, significantly boosting local economies and enhancing employment levels in the manufacturing sector.
- Capacity Expansion: This partnership will increase Corning's optical manufacturing capacity in the U.S. tenfold, addressing the growing demand for fiber optics and strengthening the company's competitive position in the optical communications market while supporting future technological innovations.
- Technology Integration: Nvidia plans to replace traditional copper cables in its AI systems with Corning's optical fibers, a technology known as co-packaged optics, which is expected to vastly improve data transfer speeds and reduce energy consumption, driving advancements in AI infrastructure.
- Positive Market Reaction: Corning's stock surged 14% following the announcement, while Nvidia's shares rose nearly 3%, reflecting market optimism about the potential of their collaboration and further solidifying their leadership positions in the AI sector.
See More
Apple Explores US Chip Production Options Amid Supply Constraints
- Supply Chain Transformation: Apple is in early talks with Intel and has visited Samsung Electronics' facilities in Texas, indicating its exploration of US-based production options for its main processors, although no orders have been placed, this move reflects Apple's strategic intent to seek alternatives beyond TSMC.
- Chip Supply Constraints: With AI data center demand surging, Apple faces chip supply limitations, and CEO Tim Cook noted that current supply chain flexibility is below normal levels, with several months needed to achieve supply-demand balance, posing challenges in meeting demand for products like the Mac mini and Mac Studio.
- Positive Market Reaction: Apple's preliminary interest has driven Intel's stock up 4% in premarket trading on Tuesday, with Intel shares having risen 160% this year, which could bolster CEO Lip-Bu Tan's push to build Intel's foundry business, showcasing Apple's potential influence on supply chain choices.
- Need for Geographic Flexibility: Apple expects to receive 100 million chips from TSMC's Arizona operations by 2026, covering only a small fraction of its annual shipments, thus seeking more supply options to enhance resilience and flexibility in one of the world's most critical hardware supply chains.
See More
Buffett's Long-Term Investment Strategy and Apple's Outlook
- Investment Philosophy: Buffett's investment philosophy emphasizes the long-term holding of quality companies' stocks, particularly Coca-Cola and American Express, which has allowed Berkshire Hathaway to outperform the S&P 500 over the past 60 years, showcasing the success and stability of his investment strategy.
- Apple Investment Returns: Buffett's initial investment of $35 billion in Apple in 2016 has grown to $185 billion, reflecting his deep understanding of consumer behavior and high regard for CEO Tim Cook's management capabilities, which not only yielded substantial returns for Berkshire but also solidified its position in the tech sector.
- Market Performance: Apple's latest quarterly results exceeded analyst expectations, with projected revenue growth of 14% to 17%, significantly higher than the 9.5% market forecast, and record-high services revenue, indicating Apple's strong competitive edge and ongoing growth potential in the consumer market.
- Management Transition: With Cook handing over the CEO role to Senior Vice President of Hardware Engineering John Ternus, Apple is at a pivotal transition point, where the new leadership may bring innovative product expertise, further driving the company's growth and market share.
See More
Easing Middle East Tensions Boost Market Sentiment
- Market Sentiment Rebound: Signals of easing tensions in the Middle East have buoyed investor sentiment, leading to a rise in U.S. stock futures, with the S&P 500, Dow, and Russell 2000 futures up 0.3% and Nasdaq futures gaining 0.7%, reflecting optimism about future economic recovery.
- AMD Earnings Surge: AMD reported a blockbuster earnings forecast with a projected $11.2 billion in Q2 revenue, significantly higher than last year, causing its stock to jump 19% in pre-market trading and reigniting interest in AI-related stocks, indicating strong market focus on tech equities.
- Job Data Anticipation: Investors are keenly awaiting the upcoming ADP Private Payrolls report, which will provide insights into the health of the labor market ahead of Friday's official jobs report, potentially influencing market trends.
- Legal Resolution for Apple: Apple has settled a $250 million lawsuit concerning delays in Siri AI features, removing a legal hurdle for its software roadmap, which is expected to enhance investor confidence in Apple's future development.
See More
