A place for Apple traders and investors to share their best ideas.
To get things rolling, here are CNBC’s Melissa Lee and her Fast Money team screwing up UBS’s upgrade to Buy more ways than I would have thought possible.
Below: Apple vs. the S&P 500…
Disclosure: Although I am now an Apple shareholder (see Why I bought a share of Apple, my first), I am in no position to give financial advice. Don’t blame me if you drain your IRA doing something you read about here.
See also last week’s trading strategies.
I kind of agree with one point they made which is that there is not any current story to drive Apple higher. There almost never is. Tim Cook is the opposite of Elon Musk. He is always calm, and rarely telegraphs future products. Whatever story that does circulate comes from outside Apple unless it involves current products which Apple is happy to promote.
BTW, WWDC is just two months away. I’m wondering if there will be product announcements before then. Apple rarely releases new products there. They do announce new technologies so that the developers have a chance to work on them. I wouldn’t be surprised to see some products dropping in May. Maybe there will be one press release a week in May leading up to WWDC to enhance the buzz.
We are expecting things like Air Tags, Mx iMac, Mx MacBook Pro, new iPad, iOS 14.5 with the new private options. These could consume four or five weeks which would be a nice intro to WWDC.