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Apple

Analysis

Analysis - 3 weeks ago

Tech rally turns to selloff ahead of NFP and US election - Stock Markets

S&P 500 headed for second weekly dip as gains turn to lossesNasdaq pulls back from record highs as AI jitters returnApple earnings add to outlook worries but Amazon impressesTech rally stumblesIt’s been a turbulent week for Wall Street as, despite a positive start, renewed concerns about excessive spending on artificial intelligence (AI) dragged Big Tech stocks lower mid-week.
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Analysis - 4 weeks ago

Daily Comment – Dollar maintains gains amidst fragile market conditions

Markets prepare for a 10-day long rollercoaster rideFocus today on earnings but key US data in sightGold and bitcoin rally, oil suffers, and 10-year US yield reaches 4.3%Yen suffering might linger as party negotiations continueImportant data week, Alphabet reports todayMarket participants are gradually preparing for an action-packed week, with Friday’s US jobs report being the key event, that also includes some major earnings releases.
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Analysis - 4 weeks ago

Nasdaq 100 braces for a huge US data week - Stock Markets

Nasdaq 100 loses some ground after six-week bullish streakMagnificent Seven report earnings, US data to adjust rate cut estimatesNasdaq 100 Weekly PerformanceThe Nasdaq 100 is set to finish the week mildly lower by 0.46%, breaking a six-week non-stop rally as with the other major US indices. Despite flying back above the 20,000 level though, it could not surpass July’s all-time high of 20,690, raising speculation about whether the slight technical pullback could develop into something ugl
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Analysis - 2 months agoNeutral

S&P 500 hits another record on Fed put but tech stocks look shaky – Stock Markets

S&P 500 and Dow Jones close at new peaks but Nasdaq stuttersFed rate cut boosts risk appetite, China stimulus further lifts sentimentBut tech stocks are mixed as AI rally cools, earnings doubts creep inThe bulls return from summer hiatusAfter a prolonged period of unusual calm in the markets, volatility was back with a vengeance during the summer and autumn got off to an equally bumpy start.
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Analysis - 3 months agoBullish

Technical Analysis – Apple stock holds a bullish bias

Apple capped by 20- and 50-day SMAs Prices stand above uptrend line Momentum oscillators show neutral-to-bullish mode Apple introduced a range of new technologies, including the iPhone 16, on Monday. This device incorporates significant enhancements that the company intends to showcase to users. Currently, the market is trading above the 220 level, failing to drop beneath the 23.6% Fibonacci retracement level of the up leg from 164 to 236.55 at 219. Immediate resistance is com
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Analysis - 3 months ago

Daily Comment – Dollar edges up ahead of PCE inflation as stocks drift

All eyes on US core PCE and consumption as bets for 50-bps cut stall Dollar headed for weekly gains but Nasdaq has disappointing week Euro on the backfoot as soft Eurozone CPI cements September cut Big Tech woes weigh on Wall Street The US dollar looks set to pare its monthly losses as it heads for its first weekly gain since mid-July amid more evidence that the US economy is humming along nicely.
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Analysis - 4 months ago

Market Comment – US slowdown fears grip markets ahead of NFP

Tech stocks lead selloff in equities amid recession fears, disappointing earnings Yen extends gains as safe havens rally but dollar mixed Will today’s nonfarm payrolls report calm markets or add to jitters? Carnage returns to equity markets The mid-week bounce on Wall Street didn’t last long as rate-cut optimism turned to gloom following soft economic data out of the US on Thursday.
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Analysis - 4 months ago

Apple earnings awaited amidst slowing sales in China – Stock Markets

Apple expected to announce EPS and revenue growth China sales and AI may take center stage Valuation and performance allow room for recovery The iPhone maker announces results on Thursday, after the closing bell   Earnings to grow from a year ago On August 1, after the closing bell on Wall Street, Apple is scheduled to announce its earnings results for fiscal Q3, with expectations pointing to earnings-per-share (EPS) of $1.35, marking an increase of 7.08% from the same reporti
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Analysis - 4 months ago

Market Comment – Dollar recovers further on Trump boost

US dollar extends rebound as US yield curve steepens on Trump bets Dow Jones hits fresh record but global stocks slip on trade war fears Dovish Powell lifts sentiment, retail sales eyed next Dollar catches a bid on Trump trade A steepening US yield curve helped the US dollar to bounce back from last week’s post-CPI lows as growing bets that Donald Trump would get re-elected as President pushed long-dated yields higher while short-term yields fell on firming expectations that the
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Analysis - 5 months ago

Market Comment – Dollar headed for third weekly gains as stock rally cools

Dollar stands tall after SNB cut and BoE’s dovish hold Yen enters intervention zone as Japan’s underlying inflation falls Euro slips on weak PMIs, US PMIs next in focus Nasdaq tumbles as Nvidia hit by profit taking ahead of triple witching Fed cut hopes not enough to dent the dollar The US dollar looks set to finish the week higher, extending its winning streak to a third week.
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Analysis - 5 months ago

Market Comment – Euro extends losses on French election jitters

Euro hits 6-week low as risk premium for French debt jumps But equities mixed as selloff eases Trio of central bank decisions eyed Euro rocked by fresh fears of a debt crisis Concerns about the real risk of a far-right government in France continue to dog the euro after they resurfaced towards the end of last week. Having shed more than 1% so far in June, the euro is struggling to hold on to the $1.07 level on Monday and is currently trading at more than six-week lows.
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Analysis - 5 months agoBullish

Apple breaks long-term range to mark record high within 200 territory Short-term steep rally could take a breather as overbought signals strengthen   On Tuesday, Apple unveiled its own AI tools, propelling its stock to uncharted territory. Weaker-than-expected US CPI inflation data added fresh impetus to the stock on Wednesday, extending the rally above the resistance line, which connects the 2021 and 2023 highs, and towards an all-time high of 220. The stock’s gains were trimme
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Analysis - 7 months agoBearish

Apple stock has been in a steady downtrend in 2024 But rebounds from 1-year bottom ahead of earnings Momentum indicators remain neutral-to-negative   Apple’s stock has been very volatile in 2024, opening frequently with significant price gaps. In the short term, the stock fell to a fresh one-year low of 163.90 on April 19 before paring some losses ahead of the Q1 earnings report on Thursday.
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Analysis - 7 months ago

Will Apple finally drop its AI hint? - Stock Markets

Apple expected to publish gloomy Q2 earnings on Thursday May 2 after the bell Investors widely expect AI updates, but Apple has more important events on the calendar   Apple stock on the back foot Apple’s stock has had minimal gains, only to fall again this year, and is now on track to end its fourth straight month in the negative region.
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Analysis - 9 months agoBearish

Apple shares slide to the lowest since October 31 But find their feet and recoup minor losses Momentum indicators exit oversold territories   Apple’s stock has been very volatile in the past few months, opening frequently with significant price gaps. In the short term, the stock has been in a steep decline, falling to a fresh four-month bottom of 168.30 last week before paring some losses.
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Analysis - 9 months ago

Apple and Tesla lag the Magnificent 7 pack – Stock Markets

Magnificent 7 propel US indices to record highs Apple diverges due to lack of AI initiatives Tesla also suffers from weakness in Chinese market   AI leads the way The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has been the driving force behind the consecutive all-time highs observed in the major US equity indices. The tech behemoths have largely benefited from the Artificial Intelligence (AI) mania, with
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Analysis - 9 months ago

Are there more AI growth opportunities to be priced into the markets?

Nvidia skyrockets and drives the S&P 500 to new records Demand for chips continues to surge, AI enters consumers’ life There maybe more AI growth opportunities to be priced in But downside risks on high valuations and geopolitics do exist Nvidia beats already optimistic estimates Just last week, the investor favorite Nvidia beat out Amazon and Alphabet to take the third place as the most valuable company in the US by market capitalization, and although the chipmaker’s
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Analysis - 9 months agoBearish

Apple shares slide after rejection at 50-day SMA Price violates 200-day SMA and ascending trendline Momentum indicators deep in their negative zones   Apple’s stock has been very volatile in the past few months, opening frequently with significant price gaps. In the near term, the stock has been facing downside pressures, which led to a decline below the 200-day simple moving average (SMA) and the upward sloping trendline that connects its recent higher lows.
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Analysis - 9 months ago

Magnificent 7 earnings assert dominance, focus shifts to Nvidia – Stock Markets

Magnificent 7 earnings endorse their relentless rally Tesla lags, while Apple shows some signs of weakness Valuations are stretched despite rosy projections   In their own world The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has gone parabolic since early 2023, outperforming the broader US stock market by a wide margin.
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Analysis - 10 months ago

Is the 5,000 milestone in sight for the S&P 500? – Stock Markets

Mega-cap stocks drive S&P 500 towards 5,000 milestone AI and tech dominate the bull charge to unchartered territory But how sustainable is the uptrend? A wobbly start to 2024 It wasn’t the best start for Wall Street in 2024 as the major indices stumbled during the first week of the new year. However, it didn’t take long for Fed rate cut expectations to take off again and revive risk appetite.
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