It's sometimes hard to believe that Apple, which reinstated its quarterly dividend to much fanfare after suspending it way back in 1995, has been consistently paying out a dividend for nearly 10 years now. In its most recently reported quarter, services -- a comparatively higher-margin category -- notched an all-time record for net sales, at just under $20 billion. Apple has been relatively resilient during the current Great Tech Stock Sell-Off, holding its value better than many of its peers.
Despite a seemingly endless parade of economic data and earnings reports, the most important data release of the quarter occurred on Monday, May 16, and there's a real possibility you missed it. Last Monday marked the deadline for money managers with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. With market volatility picking up in a big way this year, perhaps it's no surprise that highly profitable and time-tested stocks within the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) were popular buys.
Tech stocks have been one of the worst-performing sectors of the market, losing over 20% of their value so far this year. After a 30-year bull run that saw the Nasdaq 100 index gain nearly 4,000%, the tech-heavy benchmark has turned south and is officially in bear market territory. While that's made investors leery of dipping their toes into the sector, particularly when energy stocks have gained over 50% in 2022, now just might be a great time to invest in tech stocks.