🌟🌟🌟Apple was the only Big T

2022-11-01

🌟🌟🌟Apple was the only Big Tech whose share price rose higher in after hours trading when it reported its 4th fiscal quarter ending September 24, 22. Meta Platforms and Amazon share price plummeted last week compared to Apple.

Apple reported solid profits on rising revenues but its iPhone sales missed estimates due to the strong US dollar.

Profits rose 1% to USD 20.7 billion and its revenue rise 8% to USD 90.1 billion.

However Apple is currently facing slowing global economic growth, high inflation, rising interest rates and a strong US dollar.

Apple share price closed down 1.54% today at 153.34. I am Bearish on Apple in the short term and believe that it will test the 150 mark and go below that. However if Apple share price drops to 140 to 145, it is a Buy for me.

I believe that Apple is a good stock to hold for the long term as it has a wide moat and a strong brand name. It will continue to grow exponentially in the long run and thrive. With a strong balance sheet, Apple is more resilient and can weather market volatility better than most Tech stocks. Just ask Warren Buffett who has seen Apple's phenomenal growth.

@Tiger_chat @CaptainTiger @MillionaireTiger @TigerStars

How to trade Apple after its earnings?

Apple reported earnings on 28 Oct: EPS $1.29 vs. $1.27 est. Revenue. $90.15 billion vs. $88.90 billion estimated (+8.1% YOY) But it came up short in core product categories including iPhone business and services. ----------- [TOPIC] Do Apple's results beat or miss your estimate? How would you trade AAPL stock after earnings? ---------- [Rewards] Every Tiger who makes meaningful posts with over 50 characters will win 50 coins at least!

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

Happy Bear
2022-11-01
Happy Bear
Yaya. But we now face problems from its china factory
Siakhwang
2022-11-02
Siakhwang
[Strong]
LeonP
2022-11-01
LeonP
[Like]
- koolgal:
  Thanks
小刀据大树
2022-11-01
小刀据大树
I ❤️ apple
- koolgal:
  Thanks for sharing
- koolgal:
  Me too 😍😍😍
Tyrolyk
2022-11-01
Tyrolyk
👍
- koolgal:
  Thanks
stevencky11
2022-11-01
stevencky11
谢谢
- koolgal:
  My pleasure

Leave a comment

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Apple share price closed down 1.54% today at 153.34.&nbsp; I am Bearish on Apple in the short term and believe that it will test the 150 mark and go below that.&nbsp; However if Apple share price drops to 140 to 145, it is a Buy for me. I believe that Apple is a good stock to hold for the long term as it has a wide moat and a strong brand name.&nbsp; It will continue to grow exponentially in the long run and thrive.&nbsp; &nbsp;With a strong balance sheet, Apple is more resilient and can weather market volatility better&nbsp;than most Tech stocks.&nbsp; &nbsp; Just ask Warren Buffett who has seen Apple's phenomenal growth.&nbsp; <a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_chat</a><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger</a><a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger</a><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a></body></html>","htmlText":"<html><head></head><body>🌟🌟🌟Apple was the only Big Tech whose share price rose higher in after hours trading when it reported its 4th fiscal quarter ending September 24, 22.&nbsp; &nbsp;Meta Platforms and Amazon share price plummeted last week compared to Apple.&nbsp; Apple reported solid profits on rising revenues but its iPhone sales missed estimates due to the strong US dollar.&nbsp; Profits rose 1% to USD 20.7 billion and its revenue rise 8% to USD 90.1 billion. 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