apple premarket green 2-2-23
7 months ago
Published July 19, 2022 by

Premarket: Apple is green

From the Wall Street Journal’s "Stock Futures Gain as Earnings Season Moves Past Banks" posted early Tuesday:

U.S. stock futures rose as investors awaited a fresh batch of earnings for insight into the state of the economy...

Investors are parsing earnings for signs of how decades-high inflation is impacting companies and consumer spending. Economists are upping the chances of a U.S. recession within the next 12 months, worried that interest-rate increases to tame inflation will weigh on growth. Focus is now turning to how companies are responding to those expectations, particularly if they plan to cut back on hiring or other investments. [ped: see Apple, Gurman, Bloomberg, yesterday.]

“If the corporate sector starts to cut back on investment spending, that to me is the nail in the coffin,” said Luca Paolini, chief strategist at Pictet Asset Management.

Charts: Yahoo!Finance sees a bullish slow stochastic pattern. Max pain inches up $1 to $145 with the same call mountain at $155.

4 Comments

  1. Michael Goldfeder said:
    Here we go with another Bloomberg hit piece saying Apple is slowing spending. The better and more honest headline would have been: The great resignation has come back to bite those dolts in the a## who thought they were all that and a bag of chips. With money losing tech startups their unicorn destinations of choice disappearing faster than Sasquatch, now they’re out of a job and not needed back! So much for the: “Take this job and shove it” 2.0 version!

    3
    July 19, 2022
  2. Thomas Williams said:
    Yesterday while waiting my turn in the ER I saw the Tech segment of a popular daytime program “Hoda & Jenna.” Various gadgets were briefly discussed before the hosts arrived at Apple AirTags. These were touted at length in the most stylish and functional settings, luggage and key chain tracking, to millions of mostly women viewers (and one dude with a painfully dislocated shoulder in an ER in Jersey). No mention of the perils possible with any tracking device, only how Apple does not allow people to be tracked without their knowledge. Apple’s product placement (if this was not a spontaneous choice by Hoda & Jenna producers) remains brilliant, now expanding from cinema to television and steaming media.

    1
    July 19, 2022
    • Romeo A Esparrago Jr said:
      It’s great to hear about a sincere, valid, positive view about AirTags.
      I’m sorry to hear about your injury, Thomas – my prayers for you to have the least pain & fastest healing.

      2
      July 19, 2022

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