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Apple’s next major growth wave may come less from iPhones and more from its booming high-margin Services ecosystem, with Evercore ISI seeing a path to $13 in EPS.
The S&P 500 was rising with a wave of Magnificent Seven stocks set to report results this week. The Roundhill Magnificent Seven ETF was up 0.9% on a day when the S&P 500 was up 0.1%. The Invesco S&P 500 Equal Weight ETF, which weighs every S&P 500 stock the same, was flat.