Apple (AAPL): A CIBC Pick Riding Record Results and a New iPhone Lineup Maham Fatima Thu, November 12, 2026 at 4:11 PM EST 4 min read AAPL -0.14% Trade Apple on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
We just published the list of the 10 Best Stocks to Buy After Democrats' Election Sweep, According to CIBC and Apple (NASDAQ:AAPL) ranks 6th on this list.
CIBC Capital Markets recommended a list of top stock picks after the Democratic sweep of Congress, according to CNBC, citing a potentially tougher regulatory environment for corporate America. In a report published the day after the midterm vote, the Canadian bank said its Democratic basket was designed to hold up in a more defensive market, driven by a less business-friendly environment. It had built two baskets before the election: one for a Democratic-controlled Congress and one for a Republican-controlled Congress.
The Democratic list holds 36 stocks. The bank leaned toward major technology platforms and multinational companies over domestic ones, and it tilted toward lower-volatility names wherever it could, expecting investors to grow more cautious. The basket also stretches across consumer staples, real estate, health care, financials and utilities, so it is not only a technology bet. Beyond the largest technology companies, it also picked businesses in cybersecurity, consulting, payments, health insurance, waste services and utilities.
Christopher Harvey, CIBC's head of equity and portfolio strategy, wrote that in a more regulation-driven scenario, the bank would trim its exposure to the suppliers that build out AI infrastructure and lean toward the large cloud platforms and software companies.
The Republican basket is the mirror image. Its 45 names favor AI exposure, based on expectations of limited regulation and less resistance to data-center construction under a Republican-led Senate. Together, the two lists work as opposing bets on how much Washington will push back on corporate America. Readers following the group can find more names in our list of tech stocks investors are talking about.
Harvey also cautioned against writing off the data center boom. Campaign promises should be respected, he wrote, but data centers bring jobs, economic growth and a larger tax base that most politicians want, and few of them want the blame for losing the AI race to China. CNBC separately reported that some economists see political pushback as a way to let some air out of an AI bubble without popping it. For another set of names, see our ranking of the most promising technology stocks to buy right now.
Not every group rallied on the news. Defense stocks slid more than 2% on Wednesday on fears that Democrats will curb spending, although Wolfe Research analyst Myles Walton told clients the knee-jerk reaction could fade quickly, pointing to past cases in which defense contractors recovered from election-driven sell-offs. Overall, the Dow had soared 1,500 points that day, its best session since April 2025.
Apple was among the CIBC-favored names with the most hedge fund holders, 169 in Q2 2026, and it carries a market cap of $5.03 trillion.
Apple's latest results set records. The iPhone maker posted record September-quarter revenue of $114.5 billion, up 12%, and earnings of $2.10 a share, up 14%, capping a fiscal year in which revenue hit an all-time high of $479 billion and earnings growth in the double digits.
A bigger base of devices feeds everything else the company sells. Apple said its installed base of active devices reached a new high across every major product category and geography, and Services revenue set an all-time record. Chief Financial Officer Kevan Parekh said the quarter produced $28 billion in operating cash flow, and the company returned the same amount to shareholders.
The next catalyst is the product lineup. Chief Executive John Ternus described the new iPhone Duo as the most transformational iPhone since the original, and it arrives alongside the iPhone 18 Pro and Pro Max, which he called the company's most powerful iPhones yet. The iPhone line set its own September-quarter record, and gross margin was 47.9%, including a benefit of about 1 percentage point from tariff refunds. We recently asked whether longer iPhone ownership can still lift profit per customer.
While we acknowledge the risk and potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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