Traders should watch these top Apple suppliers and competitors during the iPhone event Tuesday

Apple Inc. signage stands on the Apple campus in Cupertino, California.
Bloomberg | Bloomberg | Getty Images

Apple is hosting a highly anticipated launch event Tuesday, and the iPhone-maker could move the stocks of some of its biggest suppliers and competitors.

More In Investing trends

CNBC ProWorried about stagflation? Strategists say these stocks typically outperform
CNBC ProGoldman, Morgan Stanley update their top stock picks as green investing booms
CNBC ProWith Dow at a record, these 10 stocks are the favorites to lead the next leg higher