Apple Debuts New Phone, Meta Gains, Signet Soars

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Apple (AAPL) stock has rallied since June 25, driven by excitement about the new lineup of devices, particularly the foldable phone. The company's revenue is expected to rise in fiscal 2026, but Apple is still considered an AI laggard, a long-term fundamental issue for investors. The foldable iPhone is projected to have a starting price of $2,300 to $2,500, and shipments are estimated to total about 6.5 million units in Apple's fiscal first quarter.

- Meta Platforms (META) shares are up on Wednesday, with analysts positive on the Facebook parent after it debuted Muse, an AI assistant. Firms wrote that Meta is well positioned to succeed with the product.

- Signet (SIG) shares jump as much as 20%, the most intraday since April of last year, after the jewelry retailer boosted its adjusted earnings-per-share forecast for the full year. Short interest is 13% of float, according to data from S3 Partner

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