As much as I really am bullish on AAPL through products and bias -- I am bearish on the stock going into earnings. I know, I know. How could you!?! Especially after Facebook.
I believe AAPL has that 150.00 target to the downside. There are many-many more services and capabilities coming from AAPL and products yet to be announced; especially around healthcare.
In any case, the call is bearish. You can always day trade it. Target one is 156 and Target 2 is 150.
They have plenty of cash... so the question surrounds buybacks and dividends as the "main focus" in my opinion.
LOL... I'm conflicted on this call, but I feel it is the right one to make as there are too many downside implications. And, of course, you have to wonder if the FMOC decides to reduce the aggressiveness at the next interest rate meeting as the market is crashing; nevertheless, if they don't crush demand than we can expect inflation to continue.
And to end this I will say that the White House asking for more and more money is not helping the inflation topic! $33 Billion more requested (today) as emergency funds for Ukraine.
bro with all the manipulation. if apple goes down the market goes down. it is going up
bsdvs23
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@mistogan86, Yes, I'm aware of that as it is the heaviest weighted in the NDX. The high data point (in my data models) for AAPL is 170.95 with the low data point at 152.63. I shorted AAPL for a quick $300 (2.6%) earlier before jumping into TSLA for a quick $2500 (18.96%), even thought the target for TSLA remains 919.00.
There are actually about 5-7 stocks in the NDX that have the ability to move the entire market. We see this clearly when they're working in correlation. Right now they're disjointed for various reasons (none that I care to find out why).
Anyways, are you trading anything today or thinking about jumping into a risky earnings play?