Stock Market Winners & Losers: Stocks Ready After S&P 500’s Landmark Close | Spring Home Buying Could Push Prices Up 5% | Apple’s AI Super Bowl Moment Coming This Summer

Winner: Stocks steady after S&P 500's landmark close
Stocks are on the rise following the S&P 500 index reaching a historic close of 5000 for the first time. This surge is fueled by positive corporate earnings reports exceeding expectations. However, upcoming challenges lie ahead as the January Consumer Price Index reading is set to be released on Tuesday.

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Winner: Spring home buying could push prices up 5%
Home sales plummeted by 19% in 2023, but the housing market is gearing up for a strong spring buying season. The upcoming Presidents Day holiday weekend marks the start, with expectations of surging prices through 2024. Zillow predicts a 5% sales increase by year-end, and real estate agents are seeing heightened buyer interest and tour activity. Improved consumer sentiment, driven by job security and potential mortgage rate drops, is also boosting the market. Mortgage rates have fallen from around 8% in October to about 6.6% recently. Additionally, prospective sellers are listing their homes due to life events like marriage or job relocations.

Winner: Apple’s AI Super Bowl Moment Coming This Summer
Apple aims to embrace AI, possibly introducing it into the Apple Store and future phones, starting in June. The shift towards edge computing is anticipated, with AI tasks moving from cloud servers to mobile devices. A more AI-driven iPhone, like one with an improved Siri, could encourage more frequent upgrades. Apple customers typically replace their iPhones every 44 months, but even reducing this by one month could mean selling 25 million more units, adding $7 billion to revenue.

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