Apple's Foldable iPhone Sparks ETF Opportunity

Apple's recent product updates have given traders an opportunity to consider investing in the company through various means, including ETFs. The Direxion Daily AAPL Bull 2X Shares (AAPU B+) aims to deliver performances that equate to 200% of the daily moves of Apple shares.

The ETF is a leveraged product and should be deployed over short holding periods, not as a buy-and-hold investment. However, risk-aware traders can make use of AAPU in the months ahead, particularly with Apple coming off its first significant event under new CEO John Ternus.

Morningstar analyst William Kerwin highlights the company's artificial intelligence (AI) plans and notes that Apple is doing well to carve out its niche in AI. The recent unveiling of a foldable smartphone, along with other product updates, could also spark AAPU.