Premarket: Apple is green

From the wsj's "U.S. Stock Futures Waver as Markets Pause" posted early Tuesday:

U.S. stock futures wobbled Tuesday as investors took stock of elevated Covid-19 infection levels, the rollout of vaccines and measures to curtail the spread of a new strain of the virus.

Futures tied to the S&P 500 wavered between gains and losses, suggesting the benchmark gauge may be choppy in trading after the New York opening bell. Futures tied to the technology-focused Nasdaq-100 index gained 0.3%.

Stocks have lost steam this week as a number of nations began taking steps to curtail travel in an effort to contain the emergence of a fast-spreading variant of coronavirus from England. The U.K. imposed stringent restrictions on social and business activity, prompting concern that more countries may also be required to adopt measures that would hamper the global economic recovery.

“It would be a brave man to suggest this will just remain a U.K.-specific issue,” said Derek Halpenny, head of research for global markets in the European region at MUFG Bank. “Are we going back into another phase of more pronounced global lockdowns again?”

My take: Apple is on its own trajectory -- big time -- driven by Apple car rumors.

5 Comments

  1. Jerry Doyle said:
    “…. My take: Apple is on its own trajectory — big time — driven by Apple car rumors.”

    Right! We may see $200 sooner than later. Will someone find out where I may put down my deposit for my new iCar? 🙂

    2
    December 22, 2020
  2. Bart Yee said:
    @Jerry Perhaps you should start a website where you can be first in line, and each person gives you 1/2 of an AAPL share to hold a place. Right now that would be a $65 deposit to Apple and $65 to you. The value of the deposit will only go up, as will your holdings.

    Come to think of it, maybe PED and all of us should do this here? That’s one way to monetize! NB: its just an idea, I have no direct financial PED connection other than my subscription.

    2
    December 22, 2020
  3. Romeo A Esparrago Jr said:
    I had a limit sell order for a squirt of AAPL shares from last month for 130 that just executed at 131.61 (pre-split 526.44) at the opening bell.

    I only sell when it climbs & never below a previous sell I’ve made.

    Fun! 🙂

    2
    December 22, 2020
  4. Bart Yee said:
    Its only 10:15am EST so the day is still long, but AAPL has sprinted out to a 5 point gain at $133+. If it holds at this, this would be the 2nd highest closing high behind the closing ATH of 134.18 of Sept. 1, 2020. So AAPL could close the year retaking its ATH and possibly ending the year above it.

    1
    December 22, 2020
  5. Michael Goldfeder said:
    @Jerry and Bart: “Will someone find out where I may put down my deposit for my new iCar? I’m starting the rumor that all Apple 3.0 subscribers are being given priority at the front of the line as the very first individuals to be contacted to put down a deposit for the Apple Project Titan Car.

    1
    December 22, 2020

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