Premarket: Apple is green

From TheStreet’s “Dow Futures Extend Gains On Stimulus Progress With Fed Meeting In Focus” posted early Wednesday:

U.S. equity futures extended gains Wednesday, while the dollar tumbled to fresh multi-year lows, as markets looked to potential breakthroughs on stimulus talks in Washington and Brexit negotiations in Europe.

House Speaker Nancy Pelosi, along with her Democratic colleague in the Senate, Chuck Schumer, met with Republican majority leaders Mitch McConnell and Kevin McCarthy on Tuesday in a meeting that all four described as positive in terms of reaching an agreement on a coronavirus relief bill before Friday’s federal funding deadline.

The apparent progress, which followed months of wrangling and partisan bickering even as coronavirus cases surged and jobless claims accelerated into the final weeks of the year, could finally result in a $750 billion injection into the unsteady economy.

More targeted support may also be on tap from the Federal Reserve, which wraps up its final two-day policy meeting of the year this afternoon amid expectations of a boost to its $120 billion per month in bond purchases and signals that benchmark interest rates will remain at near zero for at least the next three years.

My take: Tuesday’s Apple rally will be hard to beat.

5 Comments

  1. Adam Foster said:
    “My take: Tuesday’s Apple rally will be had to beat.”
    hard

    2
    December 16, 2020
  2. Romeo A Esparrago Jr said:
    My take: Apple’s Tuesday rally HAS to be beat. Rooting for Mr. PED’s single share and ours! 🙂

    1
    December 16, 2020
  3. Jerry Doyle said:
    “…. My take: Tuesday’s Apple rally will be hard to beat.”

    Tuesday’s Apple stock price rally came mostly on the basis of positive flow of data around Apple suppliers as to increased production figures extrapolated into logically, increased revenues for Apple to come. I’m confident there will be more reports from other sources verifying increased productions and increased sales. These announcements will continue to drive the stock price higher. Then when we hear the confirmed numbers reported on the Q1 financial call in late January we will see a further rise in stock price because unlike the Q2 numbers to come, Q1 numbers are partial supply of model phones sold whereas Q2 will represent a full quarter where all models were available. We should be at our all time high of $137.98 around early February, and $150 at the time of the Q2 financial call late April, 2021.

    0
    December 16, 2020
  4. Michael Goldfeder said:
    I’m rooting especially hard for PED’s single share to reach 4 digits in the next 5 years! Then split again!

    0
    December 16, 2020

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