Why Isn't Apple Hitting New Highs After a Record Quarter?

TheStreet2021-04-30

Apple is trading close to flat despite a freakishly good earnings report. Let's look at the key it must clear on the chart. Apple just reported a blowout quarter and the stock was flat on Thursday. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

chinlee
2021-04-30
chinlee
yep let’s buy now !
- Lunchenmeat:
  Yes
jo88
2021-04-30
jo88
Like and comment
- WoodFIRE:
  ok
Zwei2
2021-04-30
Zwei2
Not only apple. Alot companies with crazy earnings are not seeing huge changes in prices. Good time buy. What do you think?
- Zwei2:
  yes. for long term investment.
- JoeK:
  probably now is good time to buy
Darrenneoyo
2021-04-30
Darrenneoyo
Ya why man?
athyojin
2021-04-30
athyojin
Hmm
albert77
2021-04-30
albert77
Go go Apple

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1197104267?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-30 09:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1197104267","market":"us","top_or_hot":-1,"title":"Why Isn't Apple Hitting New Highs After a Record Quarter?","media":"TheStreet","content":"<div>\n<p>Apple is trading close to flat despite a freakishly good earnings report. Let's look at the key it must clear on the chart.\nApple just reported a blowout quarter and the stock was flat on Thursday. ...</p>\n\n<a href=\"https://www.thestreet.com/investing/apple-aapl-stock-record-earnings-trading-042921\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Isn't Apple Hitting New Highs After a Record Quarter?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Isn't Apple Hitting New Highs After a Record Quarter?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/apple-aapl-stock-record-earnings-trading-042921><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple is trading close to flat despite a freakishly good earnings report. Let's look at the key it must clear on the chart.\nApple just reported a blowout quarter and the stock was flat on Thursday. ...</p>\n\n<a href=\"https://www.thestreet.com/investing/apple-aapl-stock-record-earnings-trading-042921\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://www.thestreet.com/investing/apple-aapl-stock-record-earnings-trading-042921","article_id":"1197104267","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197104267","pubTimestamp":1619745077,"sourceInfo":null,"weMediaInfo":null,"summary":"Apple is trading close to flat despite a freakishly good earnings report. Let's look at the key it m","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"为什么苹果在一个创纪录的季度之后没有再创新高？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"Apple is trading close to flat despite a freakishly good earnings report. Let's look at the key it must clear on the chart.\nApple just reported a blowout quarter and the stock was flat on Thursday. The action is quite disappointing, to say the least.\nOf course, Apple could turn things around later in the day and before the end of the week. But to see such a meek response in the stock afters uch an impressive quarteris a letdown for longs.\nThe company reported earnings of $1.40 a share, more than 40% ahead of consensus estimates. Revenue of $89.6 billion blew by estimates by more than $12.3 billion.\nThe top- and bottom-line results even smashed the highest expectations on Wall Street. Each category did quite well too, while Apple tacked on $90 billion to its buyback program.\nFacebookand Qualcommwere also enjoying some nice post-earnings gains on the day, so it’s not as if Apple doesn’t have tailwinds working in its favor.\nWhat’s going on with the stock?\nTrading Apple\nDaily chart of Apple stock.\nI could understand Thursday’s lackluster reaction if Apple had rallied hard into the print. But that’s not the case. Let’s not forget that the stock has been consolidating now for eight months.\nApple topped out near $138 in early September as the stock was splitting and has been consolidating since.\nOn the plus side, the trend has been higher as there is a series of higher lows. On the downside though, it hasn’t been able to crack the $138 level, save for a few sessions in January ahead of earnings.\nNotably, the company also crushed earnings expectations last quarter, but saw its breakout fail as Apple stock dipped back below $138.\nDespite an even better report this time, we’re still seeing a lousy response.\nWhile Apple is holding the 10-day moving average, it’s hard to be overly bullish on the technicals (despite overwhelmingly bullish fundamentals) until the stock clears $138.\nIf it can clear $138, then the all-time high near $145 is in play. Above that and $150-plus is on the table, including the 161.8% extension near $160.\nIf it can't take out resistance, I expect the downside to be relatively muted. At least in the short term. The largest pullback one might expect is down to the 200-day moving average and uptrend support (blue line). That's obviously subject to change, but given the current market environment, I am not looking for a collapse in Apple's share price.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":103101425,"gmtCreate":1619752401967,"gmtModify":1704271874052,"author":{"id":"3573467004161906","authorId":"3573467004161906","authorIdStr":"3573467004161906","name":"chinlee","avatar":"https://static.tigerbbs.com/30dd0c92b6472d7ab9f701584a7f0d60","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573467004161906"},"htmlText":"yep let’s buy now !&nbsp;","listText":"yep let’s buy now !&nbsp;","text":"yep let’s buy now !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/103101425","repostId":1197104267,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4181430,"gmtCreate":1619774282784,"gmtModify":1680786348134,"authorId":3574889845267160,"author":{"id":3574889845267160,"authorId":3574889845267160,"name":"Lunchenmeat","avatar":"https://static.tigerbbs.com/acd5a0ac49c26186e6eb58c8fb6d7c34","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103101425,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":103390795,"gmtCreate":1619746234517,"gmtModify":1704271750073,"author":{"id":"3555382377663213","authorId":"3555382377663213","authorIdStr":"3555382377663213","name":"jo88","avatar":"https://static.tigerbbs.com/3f3f7cfe71e85f286a9274876c16ebf2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3555382377663213"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/103390795","repostId":1197104267,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4178082,"gmtCreate":1619746520517,"gmtModify":1680786288235,"authorId":3570407134808900,"author":{"id":3570407134808900,"authorId":3570407134808900,"name":"WoodFIRE","avatar":"https://static.tigerbbs.com/b5ea1867df604529251787b937f8e581","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103390795,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":103304284,"gmtCreate":1619746116148,"gmtModify":1704271745033,"author":{"id":"3580356429010047","authorId":"3580356429010047","authorIdStr":"3580356429010047","name":"Zwei2","avatar":"https://static.tigerbbs.com/9d0132a4cde9155d859c3873325d194e","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":6,"crmLevelSwitch":0,"idStr":"3580356429010047"},"htmlText":"Not only apple. Alot companies with crazy earnings are not seeing huge changes in prices. Good time buy. What do you think?","listText":"Not only apple. Alot companies with crazy earnings are not seeing huge changes in prices. Good time buy. What do you think?","text":"Not only apple. Alot companies with crazy earnings are not seeing huge changes in prices. Good time buy. What do you think?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/103304284","repostId":1197104267,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4178655,"gmtCreate":1619749712466,"gmtModify":1680786299749,"authorId":3580356429010047,"author":{"id":3580356429010047,"authorId":3580356429010047,"name":"Zwei2","avatar":"https://static.tigerbbs.com/9d0132a4cde9155d859c3873325d194e","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103304284,"type":1,"supId":4177999,"prevId":0,"content":"yes. for long term investment.","text":"yes. for long term investment.","html":"yes. for long term investment."},{"id":4177999,"gmtCreate":1619746208761,"gmtModify":1680786286187,"authorId":3575261937306050,"author":{"id":3575261937306050,"authorId":3575261937306050,"name":"JoeK","avatar":"https://static.tigerbbs.com/162445e8b6a553bd412b8a06e3f44c9e","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103304284,"type":1,"supId":0,"prevId":0,"content":"probably now is good time to buy","text":"probably now is good time to buy","html":"probably now is good time to buy"}],"langContent":"EN"},{"id":103309818,"gmtCreate":1619745821034,"gmtModify":1704271734715,"author":{"id":"3572866150582582","authorId":"3572866150582582","authorIdStr":"3572866150582582","name":"Darrenneoyo","avatar":"https://static.tigerbbs.com/19498d498955308da03ff537c16af7b0","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3572866150582582"},"htmlText":"Ya why man?","listText":"Ya why man?","text":"Ya why man?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103309818","repostId":1197104267,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":103970087,"gmtCreate":1619745321049,"gmtModify":1704271718681,"author":{"id":"3582667142583704","authorId":"3582667142583704","authorIdStr":"3582667142583704","name":"athyojin","avatar":"https://static.tigerbbs.com/bee2e29bec90259d5e640e14254e3e58","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582667142583704"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103970087","repostId":1197104267,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":103947443,"gmtCreate":1619745315082,"gmtModify":1704271718516,"author":{"id":"3575421087208890","authorId":"3575421087208890","authorIdStr":"3575421087208890","name":"albert77","avatar":"https://static.tigerbbs.com/23ad8bf74e09800b779350089d72b84f","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3575421087208890"},"htmlText":"Go go Apple","listText":"Go go Apple","text":"Go go Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103947443","repostId":1197104267,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":24,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197104267"}