BOOM - APPLE
Apple is down $14 and change in after hours. They beat expectations but lowered guidance. I expect Apple to be soft until the Chinese economy picks up. Something like 40% of Apples revenue comes from China and China is getting whacked from this trade skirmish.
I will be looking to add to my Apple pile after we get more clarity on trade issues with China.
I am long Apple.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Steemit). I have no business relationship with any company whose stock is mentioned in this article.
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Dreamryder007
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Lots of rotation from FAANG/MAGA to Tesla next week im calling it!
The first company with their OWN factory in China, they can completely sidestep the 'trade war' and the growth story is unreal. $60B market cap doesn't seem too right to me :)
I would be nervous for AAPL if they weren't sitting on $250B, i think we're going to 185 before the buyback machine starts again. This is the first year since like 2010 that phone sales are declining
/agree, the cash pile helps Apple a lot. I would have gone long Tesla into earnings after Citron flipped but I am already up to eyeballs in stocks :)