Premarket: Apple is red

apple premarket red 5-25-22From the Wall Street Journal’s “Stock Futures Slip Ahead of Fed Minutes” posted early Wednesday:

U.S. stock futures declined ahead of the release of minutes from the Federal Reserve’s most recent policy meeting, which will be combed for details on the path of coming interest-rate rises…

Stocks have had a volatile start to the week, buffeted by concerns about the Federal Reserve tightening monetary policy to combat the bout of high inflation and how sharp of a slowdown in growth it could cause. The S&P 500 is down nearly 18% from its last record high in January and briefly fell into a bear market last Friday before paring losses.

“It’s been really volatile, to say the least. This is linked to the question of recession, whether that’s coming or not. That’s effectively what the market has been pushing and pulling between,” said Fahad Kamal, chief investment officer at Kleinwort Hambros.

Max pain stays at $141 with a call mountain at $150, down from $165.

apple premarket red 5-25-22

15 Comments

  1. Mordechai Beizer said:
    Google Stock Prices Go Woke…

    Went to check AAPL listing this morning and saw a CDP score of A-. Wondering what it was I clicked through to end up at a self-appointed Climate Change Monitoring group that rates companies. Why does this subjective rating belong in a collection of objective numbers such as Open, High, Low, Mkt Cap, Div yield, etc.?

    4
    May 25, 2022
    • Gary Gouriluk said:
      For people who feel that investing and life is not just about making money regardless of the consequences to others, we welcome a company’s climate score as a factor to encourage investment. As more investors use this, the stocks of companies that damage the climate become less profitable, and their management may adopt better climate policy even if only in pursuit of better stock prices.
      Long term investors know that the future costs to the economy from climate change will far outweigh the admittedly astronomical expenses of mitigation. Like Apple, more and more investors are taking climate change into consideration for investing in their futures. I am happy to invest in Apple as a company that thinks long term, and tries to build a better world for my grandchildren.

      3
      May 25, 2022
      • Mordechai Beizer said:
        Well that’s very virtuous of you. So you know all about how I feel about investing and life from the fact that I don’t believe that subjective information belongs in a stock price snapshot.

        4
        May 25, 2022
      • Brian Loftus said:
        Actually, the cost to the economy of climate change is much less than the current cost of mitigation per the last IPCC report. It also appears that we are less than a decade away from having the battery storage technology needed to move to renewable energy for electricity. We already have the technology now for long distance trucking to be net negative carbon (per California’s calculation for bioCNG). Punishing the world with high oil prices as a matter of policy is a really bad idea pre and post Putin invasion.

        3
        May 25, 2022
  2. Fred Stein said:
    Anomalie:

    The article says Brent Crude is $111. That is not the all time high. Yet gasoline at the pump is much higher than its all time high.

    Hopefully the current real world (not investor world) economics will normalize and then Apple, and similar great but beaten-up stocks, will normalize, i.e. go back up.

    1
    May 25, 2022
  3. AppleTalk (remember that?) across many outlets today is focused on a PR piece Apple released on appledotcom/newsroom/
    “New research highlights job growth…” It is about an Apple-commissioned study that found over a 100% increase in small App Store app developers income + 2.2 million new Jobs. Clearly part of a larger PR effort to gently steer the conversation to the $ billions earned by those who contribute to the success of Apple’s products & services. Touting salaries, taxes, capital gains and dividends paid doesn’t ring the same bells.

    4
    May 25, 2022
  4. According to Apple there are 30 million developers who work on Apple apps. Most are employed by smaller app development firms or maybe even solo. They study Swift and Apple’s framework, which is constantly being improved. Beyond games & dating, they develop apps for organizations with diverse requirements.
    Every few years I peruse the topics and documents made available to WWDC participants. As a former instructor of C++, Visual Basic and Forté app development I can identify the various resources & tell you Apple invests heavily in making it easier to make inclusive apps for many audiences. Collaboration is a primary focus. Light years ahead of the toolboxes my students were given.

    0
    May 25, 2022
    • Steven Philips said:
      Did I notice a “Swift”ly in Apple’s WWDC announcement?

      0
      May 25, 2022
      • The near Apple Future is here:
        developerdotappledotcom/documentation/
        Always inclusive, there are new features for every product, additional right to left language support, and audio graphs for the blind. I’m working my way through how to design an inclusive app, ground-breaking stuff. Free sample code, always popular and a great learning resource. Swift UI gets even better graphics features. “Swift has built-in support for writing asynchronous and parallel code in a structured way. Asynchronous code.” Also ground-breaking, the app can keep functioning during app updates.

        0
        May 25, 2022

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