AAPL valuation may suggest the stock is trading at a significant discount to intrinsic value
Apple looks to be trading at a discount to its intrinsic value. Nevertheless, caution is still warranted.
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Apple looks to be trading at a discount to its intrinsic value. Nevertheless, caution is still warranted.
The US30 is up in pre-cash open trade after the Fed's minutes confirmed 50bps hikes for June and July. I.e. there has been no increased hawkishness than previously communicated.
Snap issued a profit warning on Tuesday, causing its stock to plunge and weighed on other tech stocks and the NAS100, amidst an unfavorable environment for the tech sector
US30 hourly chart is at key overhead resistance.
During the week of May 16-20 Twitter remained in the spotlight, Wall Street languished as poor results from major retailers reignited fears of stagflation, China’s Xiaomi saw a revenue drop, while more news were in the spotlight
US30 looks to be charting the next lower peak in its H4 chart.
The US30's momentum is showing bearish pressure. If it maintains current readings, prices are likely to decline further.
The US Index posted its worst day since the height of the pandemic yesterday, as major retailers saw their bottom lines getting crushed, causing risk aversion and renewed fears of stagflation
Large US retailers were in focus this week, as they reported their earnings, which showed lower profitability and margins in an environment of high inflation
The US30 bounce since last week Thursday has run into overhead resistance.
Retail numbers are strong, with previous revised up.
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