Thanks for sharing//
@koolgal:Apple is undergoing some strong macro headwinds currently due to high inflation and rising interest rates. The pandemic lock down in China earlier on and chip shortage also exacerbated the problems that Apple is facing. Apple will also face the negative effect of the strong US dollar which will make exports more expensive. However this is just a temporary setback. Apple ticks all the core fundamentals of a quality stock. It is profitable, has a rock solid balance sheet and an excellent management team under Tim Cook. Apple also has a wide moat as it has a strong brand and a unique eco system too. For now, this will be one of the most challenging quarters that Apple will face. However it is golden opportunity to buy more Apple shares should it dip below the 150 support level. I predict that Apple will close between 153 to 155 after the earnings report is released.
@Tiger_Earnings@TigerStars@CaptainTigerDisclaimer: 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