John Ternus hosted his first earnings call as Apple’s (NASDAQ:AAPL) chief executive officer on Monday, and he brought a record quarter with him. Revenue climbed 12% to $114.5 billion in the fourth quarter of fiscal year 2026, Apple’s best September quarter ever. iPhone sales rose 17%, and Mac sales jumped 24% despite tight supply. Shares still slid almost 3% pre-market as the talk turned to memory chips. The S&P 500 rose in the 12 months after 32 of the last 38 midterm elections. Total return, which counts dividends, averaged 14%, versus 11% for any 12-month period. That comes from our study of every midterm since 1874. Today’s election is a weak reason to reposition a portfolio. Three of our recommendations reported overnight, drawing different reactions.
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