MyrnaNorth
08-27

$Apple(AAPL)$ Sure, low volume. Look at the tech market’s volume:

$Apple(AAPL)$ 30M vs 64M avg, 47%

$Microsoft(MSFT)$ 13.1M vs 20.3M avg, 64%

$Alphabet(GOOG)$ $Alphabet(GOOGL)$ 14.2M vs 25.1M, 56%

$NVIDIA Corp(NVDA)$ 327M vs 361M, 91%

$Meta Platforms, Inc.(META)$ 9.6M vs 14.2M, 67%

$Tesla Motors(TSLA)$ 59M vs 95M, 62%

$Amazon.com(AMZN)$ 21.9M vs 42.8M 51%

Aside from NVDA and its impending earnings call, none of these companies are lighting a volume fire. AAPL’s buybacks have also removed a lot of traders and speculators.

For a couple of weeks per quarter, Apple is in blackout, otherwise they are actively buying back stock 44 of 52 weeks because that puts money directly back into the wallets of AAPL stockholders who wish to sell.

Apple longs have been rewarded for holding by long term upward trends as evidenced by Apple’s continued buying back stock with ever increasing free cash flow.

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

We need your insight to fill this gap
Leave a comment