Premarket: Apple is green

From the Wall Street Journal’s “Markets Stabilize After Worst Fall for Stocks in Months” posted early Tuesday:

U.S. stock futures pointed to a rebound Tuesday, after major indexes tumbled Monday on concerns over the spread of Covid-19 variants and potential setbacks to the economic recovery…

Investors have grown concerned over the Delta coronavirus variant, prompting a reassessment of the economy’s prospects. Despite this, the three major stock indexes each closed only around 3% down from their all-time highs Monday, underscoring the strength of the rally that powered equity markets in the first half of the year.

“When you get a selloff like we had yesterday, there are certainly going to be some investors who are going to see that as an opportunity to invest for the longer term,” said Kiran Ganesh, a multiasset strategist at UBS Global Wealth Management. “Especially where the 10-year [Treasury] yields have gone, that still points to the default position for investors as long equities, because there are simply very few other options.”

My take: I’m trying to picture the Venn diagram of Apple shareholders who are also unvaccinated by choice.

10 Comments

  1. Adam Foster said:
    Off Topic – FYI: Anybody who has use for a LOT of AirTags like me will find that Apple limits each Apple ID to no more than 16 AirTags!!! However they are happy to sell your ID as many AirTags as you care to purchase…

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    July 20, 2021
    • Bart Yee said:
      Perhaps you can set up another ID as a family member and merge the two into a family Find My? I have my wife’s and daughter’s iDevices on my Find My app, 17 items so far and likely to add two more this week.

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      July 20, 2021
    • Bart Yee said:
      Wonder if AirTags sales could offset any iPad or Mac shortfall from components shortages to the tune of $3-5B total? If there really are any iPad or Mac shortages?

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      July 20, 2021
      • Adam Foster said:
        Thanks, Bart – If people are buying in quantity like you and me, AirTag sales should be amazing.

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        July 20, 2021
    • Gregg Thurman said:
      I ordered AN Air Tag last week. Expecting it later this week. Local Store hasn’t had them in stock for weeks.

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      July 20, 2021
  2. Dan Pallotta said:
    So today the market is, like, “Oh, sorry.”

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    July 20, 2021
    • Gregg Thurman said:
      The Call Spread contracts I bought yesterday are near full value. I may Close them and buy with a higher Strike for this Friday’s expiry. But then, with the volatility that AAPL is presently showing I’ll probably be better off taking my planned profit and leave the rest on the table. Yeah, that’s the ticket. Don’t get greedy.

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      July 20, 2021
  3. Roger Schutte said:
    Bought some Friday calls early in yesterday’s drop. And sold them today when they hit a 150% gain. woo-hoo! 😉

    0
    July 20, 2021

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