Consumer tech manufacturer Apple (AAPL) is due to report earnings next Thursday, February 1. Notably, waning iPhone demand out of China has worried investors as Apple had a rocky 2024 start, dealing with several stock downgrades.
Some of analysts slowed down its expectations for Apple and the biggest tailwinds and risks for its various devices.
"As far as those businesses are concerned, the only one that will probably show growth is Mac because some of the new products that they rolled out and easy comps from a year ago, you will probably see some sharp declines specifically on the iPad side of things...," they note.
The main graph is a ratio, between Apple stocks price AAPL and overall NDX Nasdaq-100 Big Tech index.
It's been a while since Buffett put the money into Fruity Company in Q2'16, and since that Apple stock outperformed the whole index, appr. by 150 percent over the next 6 years.
By the way, Apple stocks as well as Nasdaq-100 index hit the bottom, in early Q4'22 and since that, Apple underperforms the whole Big Tech Index, totally. Basically AAPL losses against NDX further, over the past 12-15 months later they both hit the bottom. In this time the major break down happens in massive reversed Head-and-Shoulders ctructure, just ahead of Q4'23 Earnings call.
This is the bottom line, I'm avoid the Fruity Company ahead of Earnings Call.
Happy trading to everyone. See y'all later.
ノート
Jan 30, 2024
💡 AAPLES CAN MAKE YOU FART!
ノート
Jan 30, 2024
AAPLES 2% DOWN, 2ND TIME OVER THE PAST 21-DAYS.
ノート
Feb 1, 2024
👉 DOWN AS EXPECTED. 2% DOWN AFTER MARKET CLOSE.
// May be more, I don't care. TV pitches, Apple has a history of reversing post-market earnings declines in the regular session.
ノート
Feb 20, 2024
👉 Apple has lost it's Mojo, as it previously expected. 👉 Buffett sold nearly $2 B worth of apple pie in Q4'23.
ノート
Mar 4, 2024
Burnt apple pie 😏
ノート
Mar 6, 2024
Extreme ̶D̶i̶c̶k̶ Dip 😄
トレード稼働中
August 19, 2024
Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple