Premarket: Apple is green

apple premarket green 4-29From “Global Stocks Rise Ahead of Powell’s Comments” ($) on

Global stocks drifted higher Wednesday as investors await views from Federal Reserve policy makers on the health of the U.S. economy, and a flurry of earnings reports from major American companies.

Futures tied to the S&P 500 rose 1%, suggesting the blue-chip index could open higher. The Stoxx Europe 600 ticked 0.2% higher, as gains for shares in oil-and-gas companies offset losses for utility stocks.

Federal Reserve Chairman Jerome Powell’s comments on the prospects for the economy, when he holds a press conference at 2:30 p.m. ET, will be closely monitored by investors. His views on the tools and options available to the Fed if the situation deteriorates further will be of particular interest as the coronavirus pandemic triggers a pronounced contraction in global output. U.S. officials have largely ruled out experimenting with negative interest rates…

After cutting interest rates to near zero in mid-March, the Fed began a torrent of bond-buying programs to stabilize markets, while offering support to other corners of the market to bolster the availability of credit. These measures have helped stocks stage a rapid recovery in the face of a deep recession.

Investors will seek to learn how long the Fed expects the economic downturn to last, said Eddy Loh, senior investment strategist at Maybank Group Wealth Management.

My take: Tomorrow investors’ eyes will be on Apple.


  1. Gregg Thurman said:
    The market today reminds me of a cartoon from my long expired childhood (radio announcer describing a boxing match) “he’s up, he’s down, he’s up, he’s down, he’s…..”

    April 29, 2020
  2. Gregg Thurman said:
    Sold my AAPL @ $287 this morning. ROI 13+%.

    Now to wait for Apple’s earnings report, and the markets reaction to it.

    April 29, 2020
  3. Mordechai Beizer said:

    $10,000 invested in Apple in 2004 would be slightly over $1,000,000 today simply as a buy-and-hold. Also, it would be taxable at long term rates rather than as ordinary income.

    April 29, 2020
  4. John Konopka said:
    Wow. Up $9 at the close and up over $4 after hours. Curious behavior the day before the earnings announcement. I’m excited. What questions will Katy Huberty ask?

    April 29, 2020
  5. Gregg Thurman said:
    I posted the sale because I posted the purchase There are many different investment strategies. You have done excellent with yours and I applaud you.

    Unlike some that have passed through here I post my purchases and sales. Everybody gets to see my successes AND failures. It’s a credibility thing for me.

    Since November 2018 (trade war and now COVID-19) I have suffered a net loss of about $95000. I don’t mind sharing that info because I’ve been trading options since 2004 (filed corporate and personal bankruptcy that year) and am now a millionaire+ with less than $15,000 debt.

    April 29, 2020

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