Premarket: Apple is green

From the wsj’s “Stock Futures Point to Fresh Records for Major Indexes” posted early Tuesday:

U.S. stock futures rose Tuesday, suggesting that the major indexes may notch fresh records after the market opens…

Investors’ sentiment has been buoyed in recent weeks by the development of Covid-19 vaccines, which could curtail infection levels and let social and business activity return to pre-pandemic levels.

 “The mood of the market is rather optimistic,” said Eric Barthalon, global head of capital markets research at Allianz. “For the time being, markets have bought the news that vaccines are going to be rolled out earlier than expected.”

My take: Apple’s on a roll.

4 Comments

  1. Romeo A Esparrago Jr said:
    I’m hoping Green is a positive sign, with the stories regarding the Pesident-Elect’s economic team build-up, as I fully expect Mr. Tim Cook to be sitting there beside POTUS no matter who sits in that seat now & into the future.

    1
    December 1, 2020
  2. Jerry Doyle said:
    While the forthcoming vaccines are a positive force driving confidence in continued economic expansion going forward, it would be careless and irresponsible not to include the selection of the new administration’s incoming policy team of moderates on the White House Council of Economic Advisors and moderates chosen to head-up critical government departments as also driving the markets forward. This is what divided government dictates and it is why the markets love divided government.

    0
    December 1, 2020
  3. Gregg Thurman said:
    Yesterday I bought DEC 4 $115/$117 Call Spreads at $1.51. Today I sold them at $1.93, making 27% overnight. 2021 is going to be a sweet year (barring Black Swans).

    0
    December 1, 2020
    • David Emery said:
      One can argue that Apple, particularly in Mac/iPad sales, has profited from the Covid Black Swan….

      0
      December 1, 2020

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