πΊπΈ U.S. Stocks rose today. The S&P 500 and Dow are heading towards weekly gains. The benchmark Treasury yields are now lowered and that's why equities are up.
New data today indicated activity in the U.S. services sector expanded for the second straight month in February this year. Thus adding to evidence of the economy's resilience despite high inflation. Today's data on the services sector is also the strongest since last summer. The signs of economic resilience now outweighed concerns about inflation and tighter global monetary policy.
$Apple(AAPL)$
I'll take into consideration the following to decide whether to buy AAPL shares now:
1. AAPL is a premium brand with strong fundamentals of the company.
2. Twenty-nine analysts from Wall Street rate AAPL a consensus "Strong Buy".
3. AAPL has performed very well with a strong start, gaining 20% since the beginning of this year. It gained 13% year-on-year, much higher thanthe 3% increase of the S&P 500.
4. The moving averages of stock market analysis all show AAPL share price is moving upward with strong supports.
The above information is for reference.
Do DYODD before making any trade.
Good Luck.
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