Premarket: Dow is green, Apple is red

apple premarket red 1-14From the wsj’s “Stock Futures Tick Up Ahead of Biden’s Stimulus Speech” posted early Thursday:

U.S. stock futures rose slightly Thursday as investors awaited details of the incoming Biden administration’s plans for a fresh coronavirus relief package.

ecurities tied to the S&P 500 climbed 0.2%, potentially extending Wednesday’s advance, which lifted the broad-market index to its second-highest level in history. Futures linked to the Dow Jones Industrial Average added 0.3%.

All eyes are on a speech expected Thursday from President-elect Joe Biden that is set to detail the scale of his proposed spending package to support households and businesses through the pandemic.

Additional stimulus would be favorable for equity markets and reinforce expectations for economic growth, said Luc Filip, head of private banking investments at SYZ Private Banking.

“How it will be implemented down to the real economy, down to small companies, that will be key,” he said.

My take: No disrespect for Joe Biden, but I’ve got my eyes on the impeachment trial.

2 Comments

  1. Gregg Thurman said:
    As volatile as the markets, and especially AAPL, have been for the past month, AAPL has Closed each of the last three Friday’s at $130 or above. This Friday is shaping up to be the fourth in a row.

    After next Friday I’m expecting volatility to subside a bit with AAPL resuming its march upward through April earnings.

    1
    January 14, 2021
  2. Rodney Avilla said:
    PED, was wondering what percent of the analysts that PED3.0 follows (quarterly estimates), subscribes to PED3.0? Not expecting company or individual names, just a percent. My guess would be around 50%. It is obvious that there are PED3.0 members that spend more time analyzing aapl than some professional analysts do, and I would think that the comments expressed here would be of value to them.

    2
    January 14, 2021

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