Premarket: Apple was green, turned red

apple premarket mcintosh 4-19From the Wall Street Journal’s “Stock Futures Wobble With Dow, S&P 500 at Record Highs” posted early Monday:

Investors are starting the week on a cautious note on concern that therollout of Covid-19 vaccines is facing some hiccups. A string of blue-chip companies are scheduled to report earnings this week, and will offer a view on businesses’ expectations for the pace of economic revival. Money managers are looking to gauge whether stocks’ high valuations are justified after the recent rally took the Dow and S&P 500 to closing records last week.

“After a big move, you get a pause of breath and a bit of a reassessment,” said Caroline Simmons, U.K. chief investment officer at UBS Asset Management. “People are reassessing, waiting for newsflow that might indicate that growth and inflation remain on track.”

My take: Fasten your seatbelts. The next two weeks, starting tomorrow, will be packed with Apple news.

5 Comments

  1. Gregg Thurman said:
    AAPL went up so fast at the Open I missed getting the ideal $130/$131Call Spread. Placed a semi-stink bid for the $132/$133 Spread @ 66c (trading at 72c at the time) and got them just moments later. ROI 48% when AAPL Closes above $133 this Friday. Here’s hoping WS likes what they see/hear. The $132/$133s are now at 71c, subject to the vagaries of the market.

    3
    April 19, 2021

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