Apple and Microsoft as safe havens from the memes (video)

From TD Ameritrade’s JJ Kinahan on Apple and Microsoft, posted Tuesday: 

JJ Kinahan, TD Ameritrade’s chief market strategist, joins ‘Closing Bell’ to discuss Apple and Microsoft, saying these are the stocks that people buy when they’re unsure of what to do next.

Cue the video:

My take: Friend-of-the-blog Roger Schutte suggested Monday in the Slack that Apple may drift higher through the rest of June due to rotation buying by mutual funds that want their quarterly reports to show more quality stocks and less meme stocks.

2 Comments

  1. Kirk DeBernardi said:
    A solid and safe haven to invest your money after a binge on the town.

    Wow. What a concept.

    2
    June 16, 2021
  2. The meme traders I know never lost sight of Apple. They buy and sell more frequently than my preference but here and there they pick quality over AMC/GME/PLUG. Up YoY 848%/ 4,500%/434% They know Apple is a stock you buy and hold but they often lack patience given those crazy gains in the memes. Mind you they did not all buy at the low, though 3 friends did, albeit with rather small positions.

    1
    June 16, 2021

Leave a Reply