$Apple(AAPL)$ You know the news about Nvidia doing a deal with Corning. What the community might not know or has forgotten is who makes the glass for iPhones. Yes, it's Corning. Nice trifecta of companies.
$Microsoft(MSFT)$ Interesting how MSFT closed today at 424.82, so it now has a green candle and a higher close than Friday's close (which was 424.6). It also continues to trade above the daily 9 MA (around $421.6), which is a bullish continuation.
All the same positive drivers for $Apple(AAPL)$ remain in place. This is the case even as the tech sector faces turmoil and the S&P nears correction territory. With $Microsoft(MSFT)$ and $Meta Platforms, Inc.(META)$ now deeply in a downturn, off more than 30% from their highs, it seems Apple is poised once again to lead the group of major tech stocks.
Without looking too deeply into the numbers, is there a simple statistic that differentiates $Apple(AAPL)$ from the rest of the big cap companies? $Apple(AAPL)$ consistently uses 80% of its FCF on buybacks of its stock. Me? I like that.
A run-up can occur rapidly and intensely once the narrative improves. More money can be made from $Microsoft(MSFT)$ returning to its average PE ratio than from $Alphabet(GOOG)$ inflating its PE ratio further.
$Apple(AAPL)$ never dances to fundamentals' tune — it grooves with options flow. The premium harvesting sweet spot sits below 280 for quick plays and under 300 for the long game, strategically positioned to lure maximum retail options participation. The consolidation act here aims to milk time decay for all its worth. It's downright comical when armchair analysts critique $Apple(AAPL)$ 's counter-market moves without grasping the mechanics.