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Dont put apple together with nvidia.

One Is self made, other is buy and self brand.

Buy Apple Stock, but Not for the Reason You Think

Apple stock is soaring this week, thanks to the artificial intelligence strategy the tech company announced Tuesday. Hedge funds might be helping, too—and both factors can push Apple shares even highe

Buy Apple Stock, but Not for the Reason You Think

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One Is self made, other is buy and self brand.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/316319143465032","repostId":2443084599,"repostType":2,"repost":{"id":"2443084599","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1718251200,"share":"https://www.laohu8.com/m/news/2443084599?lang=&edition=full","pubTime":"2024-06-13 12:00","market":"us","language":"en","title":"Buy Apple Stock, but Not for the Reason You Think","url":"https://stock-news.laohu8.com/highlight/detail?id=2443084599","media":"Dow Jones","summary":"Apple stock is soaring this week, thanks to the artificial intelligence strategy the tech company announced Tuesday. Hedge funds might be helping, too—and both factors can push Apple shares even highe","content":"<html><head></head><body><p style=\"text-align: start;\">Apple stock is soaring this week, thanks to the artificial intelligence strategy the tech company announced Tuesday. Hedge funds might be helping, too—and both factors can push Apple shares even higher.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ded35b4736a13ad8abbb3cf7dfa1f850\" alt=\"DAVID PAUL MORRIS/BLOOMBERG\" title=\"DAVID PAUL MORRIS/BLOOMBERG\" tg-width=\"952\" tg-height=\"632\"/><span>DAVID PAUL MORRIS/BLOOMBERG</span></p><p style=\"text-align: start;\">Shares of the smartphone giant are “getting a delayed boost from the [Worldwide Developers Conference] Apple Intelligence launch,” wrote Bear Traps newsletter author Lawrence McDonald in a Wednesday note. “For over a month, people have been discussing the artificial intelligence upside for Apple, starting another supercycle for iPhones.”</p><p>Now that optimism is showing up. As of Wednesday, Apple stock had climbed 16% over the past month. That leaves shares up about 13% for the year.</p><p>That’s great, but shares of Nvidia, the original AI stock, have gained 38% over the past month and up about 153% in 2024.</p><p>Apple stock might be able to narrow the gap because traders are getting out of an old position. McDonald added in his note that a hedge fund has been unwinding a large long Nvidia/short Apple pair trade.</p><p>Pairs trades typically involve buying one stock and shorting the other. Shorting a stock means borrowing and selling shares an investor doesn’t own. It’s a bearish bet—the seller pockets the cash from the sale hoping to repurchase shares at a lower price when they return it to the original owner.</p><p>The goal of any pair trade is to make money from essentially one idea while eliminating other factors, such as the economy or inflation, that can move both stocks up or down. The long Nvidia/short Apple trade gives, an investor exposure to the AI theme, while removing some of the risks of holding technology stocks.</p><p>With Apple back as an AI play, that trade needs to unwind—which means buying Apple and selling Nvidia. How much more unwinding is left to do is hard to say.</p><p>The amount of Apple stock sold short relative to the amount available to trade is about 2.3%, according to Bloomberg. That’s high for Apple— and the short covering needed to return things to normal is about 10 to 20 million shares. That could be all done: Apple stock has traded almost 300 million shares over the past three days.</p><p>What’s more, in the wake of the recent run, Apple stock is now “overbought”—shares have climbed quickly that the rally may run out of steam. (For what it’s worth, Nvidia shares are even more overbought.)</p><p style=\"text-align: start;\">That isn’t too helpful. Fairlead Strategies founder and market technician Katie Stockton has an idea where Apple stock can trade, though. She says that if Apple can stay above $198 a share in the coming few days, then it will soon trade at $240. Stockton isn’t making a fundamental call on Apple stock; technicians look at charts and patterns to get a sense of where things can go over the short and medium terms.</p><p style=\"text-align: start;\">Stockton’s reasoning implies that there is about 10% upside left in the Apple-as-an-AI-play-rebound trade. Apple shares gained 2.9% on Wednesday, at $213.07 apiece.</p><p style=\"text-align: start;\">Nvidia shares, however, aren’t hurting: shares of the chip maker rose 3.6% on Wednesday, while the Nasdaq Composite was up 1.5%. A slower-than-expected inflation reading is helping most stocks.</p><p style=\"text-align: start;\">A long Apple, short Nvidia trade is one way to capture Apple’s AI rebound. Shorting Nvidia stock doesn’t sound like a great idea, though: it’s easier to hang on to Apple and reevaluate positioning at Stockton’s $240 level.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy Apple Stock, but Not for the Reason You Think</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy Apple Stock, but Not for the Reason You Think\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-13 12:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Apple stock is soaring this week, thanks to the artificial intelligence strategy the tech company announced Tuesday. Hedge funds might be helping, too—and both factors can push Apple shares even higher.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ded35b4736a13ad8abbb3cf7dfa1f850\" alt=\"DAVID PAUL MORRIS/BLOOMBERG\" title=\"DAVID PAUL MORRIS/BLOOMBERG\" tg-width=\"952\" tg-height=\"632\"/><span>DAVID PAUL MORRIS/BLOOMBERG</span></p><p style=\"text-align: start;\">Shares of the smartphone giant are “getting a delayed boost from the [Worldwide Developers Conference] Apple Intelligence launch,” wrote Bear Traps newsletter author Lawrence McDonald in a Wednesday note. “For over a month, people have been discussing the artificial intelligence upside for Apple, starting another supercycle for iPhones.”</p><p>Now that optimism is showing up. As of Wednesday, Apple stock had climbed 16% over the past month. That leaves shares up about 13% for the year.</p><p>That’s great, but shares of Nvidia, the original AI stock, have gained 38% over the past month and up about 153% in 2024.</p><p>Apple stock might be able to narrow the gap because traders are getting out of an old position. McDonald added in his note that a hedge fund has been unwinding a large long Nvidia/short Apple pair trade.</p><p>Pairs trades typically involve buying one stock and shorting the other. Shorting a stock means borrowing and selling shares an investor doesn’t own. It’s a bearish bet—the seller pockets the cash from the sale hoping to repurchase shares at a lower price when they return it to the original owner.</p><p>The goal of any pair trade is to make money from essentially one idea while eliminating other factors, such as the economy or inflation, that can move both stocks up or down. The long Nvidia/short Apple trade gives, an investor exposure to the AI theme, while removing some of the risks of holding technology stocks.</p><p>With Apple back as an AI play, that trade needs to unwind—which means buying Apple and selling Nvidia. How much more unwinding is left to do is hard to say.</p><p>The amount of Apple stock sold short relative to the amount available to trade is about 2.3%, according to Bloomberg. That’s high for Apple— and the short covering needed to return things to normal is about 10 to 20 million shares. That could be all done: Apple stock has traded almost 300 million shares over the past three days.</p><p>What’s more, in the wake of the recent run, Apple stock is now “overbought”—shares have climbed quickly that the rally may run out of steam. (For what it’s worth, Nvidia shares are even more overbought.)</p><p style=\"text-align: start;\">That isn’t too helpful. Fairlead Strategies founder and market technician Katie Stockton has an idea where Apple stock can trade, though. She says that if Apple can stay above $198 a share in the coming few days, then it will soon trade at $240. Stockton isn’t making a fundamental call on Apple stock; technicians look at charts and patterns to get a sense of where things can go over the short and medium terms.</p><p style=\"text-align: start;\">Stockton’s reasoning implies that there is about 10% upside left in the Apple-as-an-AI-play-rebound trade. Apple shares gained 2.9% on Wednesday, at $213.07 apiece.</p><p style=\"text-align: start;\">Nvidia shares, however, aren’t hurting: shares of the chip maker rose 3.6% on Wednesday, while the Nasdaq Composite was up 1.5%. A slower-than-expected inflation reading is helping most stocks.</p><p style=\"text-align: start;\">A long Apple, short Nvidia trade is one way to capture Apple’s AI rebound. Shorting Nvidia stock doesn’t sound like a great idea, though: it’s easier to hang on to Apple and reevaluate positioning at Stockton’s $240 level.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4575":"芯片概念","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4587":"ChatGPT概念","LU0109392836.USD":"富兰克林科技股A","BK4507":"流媒体概念","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4527":"明星科技股","BK4543":"AI","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4501":"段永平概念","BK4579":"人工智能","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4588":"碎股","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4503":"景林资产持仓","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4574":"无人驾驶","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0444971666.USD":"天利全球科技基金","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4529":"IDC概念","LU0238689110.USD":"贝莱德环球动力股票基金","AAPL":"苹果","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4592":"伊斯兰概念","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","BK4571":"数字音乐概念","LU0080751232.USD":"富达环球多元动力基金A","BK4585":"ETF&股票定投概念","BK4576":"AR"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2443084599","content_text":"Apple stock is soaring this week, thanks to the artificial intelligence strategy the tech company announced Tuesday. Hedge funds might be helping, too—and both factors can push Apple shares even higher.DAVID PAUL MORRIS/BLOOMBERGShares of the smartphone giant are “getting a delayed boost from the [Worldwide Developers Conference] Apple Intelligence launch,” wrote Bear Traps newsletter author Lawrence McDonald in a Wednesday note. “For over a month, people have been discussing the artificial intelligence upside for Apple, starting another supercycle for iPhones.”Now that optimism is showing up. As of Wednesday, Apple stock had climbed 16% over the past month. That leaves shares up about 13% for the year.That’s great, but shares of Nvidia, the original AI stock, have gained 38% over the past month and up about 153% in 2024.Apple stock might be able to narrow the gap because traders are getting out of an old position. McDonald added in his note that a hedge fund has been unwinding a large long Nvidia/short Apple pair trade.Pairs trades typically involve buying one stock and shorting the other. Shorting a stock means borrowing and selling shares an investor doesn’t own. It’s a bearish bet—the seller pockets the cash from the sale hoping to repurchase shares at a lower price when they return it to the original owner.The goal of any pair trade is to make money from essentially one idea while eliminating other factors, such as the economy or inflation, that can move both stocks up or down. The long Nvidia/short Apple trade gives, an investor exposure to the AI theme, while removing some of the risks of holding technology stocks.With Apple back as an AI play, that trade needs to unwind—which means buying Apple and selling Nvidia. How much more unwinding is left to do is hard to say.The amount of Apple stock sold short relative to the amount available to trade is about 2.3%, according to Bloomberg. That’s high for Apple— and the short covering needed to return things to normal is about 10 to 20 million shares. That could be all done: Apple stock has traded almost 300 million shares over the past three days.What’s more, in the wake of the recent run, Apple stock is now “overbought”—shares have climbed quickly that the rally may run out of steam. (For what it’s worth, Nvidia shares are even more overbought.)That isn’t too helpful. Fairlead Strategies founder and market technician Katie Stockton has an idea where Apple stock can trade, though. She says that if Apple can stay above $198 a share in the coming few days, then it will soon trade at $240. Stockton isn’t making a fundamental call on Apple stock; technicians look at charts and patterns to get a sense of where things can go over the short and medium terms.Stockton’s reasoning implies that there is about 10% upside left in the Apple-as-an-AI-play-rebound trade. Apple shares gained 2.9% on Wednesday, at $213.07 apiece.Nvidia shares, however, aren’t hurting: shares of the chip maker rose 3.6% on Wednesday, while the Nasdaq Composite was up 1.5%. A slower-than-expected inflation reading is helping most stocks.A long Apple, short Nvidia trade is one way to capture Apple’s AI rebound. Shorting Nvidia stock doesn’t sound like a great idea, though: it’s easier to hang on to Apple and reevaluate positioning at Stockton’s $240 level.","news_type":1},"isVote":1,"tweetType":1,"viewCount":68,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":68,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}