Will Apple Gains Lead Tech Stocks Stage Comeback？

MillionaireTiger
2022-01-29

Under the blow of the Fed's hawkish signal, the major US stock indexes almost continued to fall this week. It was not until the strong performance of Apple came forward and led a group of technology stocks to turn the tide on the last trading day of the week. This move saves the Nasdaq from a five-week losing streak for the first time in more than nine years. $Apple(AAPL)$

Apple Posts Highest-Ever Quarterly Earnings in Sign It Tamed Supply Crisis

  • Apple sales climbed 11% to a record, led by iPhones as usual
  • Supply-chain constraints expected to ease in the March quarter

Solve chip shortages: Apple Inc. shares gained the most since 2020 after quarterly results sailed past Wall Street estimates, marking a victory against a supply-chain crunch fueled by the pandemic and chip shortages.

Profit shows confidence: Sales climbed 11% to a record $123.9 billion in the fiscal first quarter, the company said Thursday. Analysts had predicted $119.1 billion on average. Profit also beat projections, and the company predicted that sales would grow by a double-digit percentage in the March quarter.

The biggest rise: The stock rallied 7% to $170.33 Friday on the news, marking the biggest one-day increase since July 31, 2020, which followed another blockbuster quarter.

The tech-heavy benchmark gained 3.2% on Friday, its biggest one-day percentage gain since March, helping it post a weekly gain of 0.1%. Despite the positive session, tech stocks have been under pressure this year amid persistent concerns over inflation and a more hawkish Federal Reserve, which has hinted at several rate hikes this year.

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  • MillionaireTiger
    ·2022-02-09
    Congrats to Tigers! Your comments are rewarded by 50 Tiger Coins! Check your account on [Me] - [Tiger coins] - (Upper Right Corner). Please feel free to contact me if you have any questions! @balm @tungleh @labbiT @CookieMon12 @EWCYS @Scarface @limnorth @RedpillBluep @HelennT @Wayneqq @Siakhwang @NBCNBC @Kaixiang @Brocco @Juvie @prestomanik @Jenjorjack @Lollmaorofl @valerie6888 @Cazwyh
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      Thank u Tiger!
      2022-02-21
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  • koolgal
    ·2022-02-04

    An Apple A Day Keeps The Bear Away! See how it drives the Tech Stocks to new Heights! Apple is the Best!  Give me An Apple Every Day to Bring Cheer to Everyone! 💕💕💕🍎🍎🍎

    @MillionaireTiger  - Will Apple Gains Lead Tech Stocks Stage Comeback?

    @TigerStars  

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  • yong168
    ·2022-02-07
    awesome potential!!!iphone,apple watch,apple EV,now planning to acquare Peloton..in coming years working,relaxing even exercising also using "Apple" of things. [得意] [财迷]
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  • koolgal
    ·2022-02-02
    Apple & today Google are leading the Tech stocks jump!Investors are piling back into the market FOMO!With inflation at all time high it is important to stay invested!Apple investors are looking to 3T!
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  • Isaacs
    ·2022-02-01
    To the moon !!! Hope for $200!
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  • Kel0702
    ·2022-02-04
    Come on come on $180
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  • Et1502
    ·2022-02-03
    $AAPL$ still have alot of products in the making. Besides AR/VR to take their main stream products to scale new hike, iCar will be a run for value of money for the EVs industrial sectors.
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  • TraderNeo
    ·2022-02-02
    I think it’s not just $Apple(AAPL)$ . Stellar earnings from $Alphabet(GOOG)$ $Microsoft(MSFT)$ helped to reverse the fate of the Nasdaq, to higher levels following the recent tech rout.
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  • KwLau
    ·2022-02-01
    Apple never disappoints...
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    • wywy: 
      yes
      2022-02-01
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  • OnionT
    ·2022-01-31
    The strong financial fundamentals are there. Even pre earning I was already looking forward seeing how they had supply shortage = sell until cant meet up with demand !
    Aapl huat uh
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  • Juvie
    ·2022-01-31
    strong financials will prove to be invaluable in the current bearish market, its almost an invitation to buy more if youre a long term holder
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  • Stingaling
    ·2022-01-31
    agree. They are a stabalizing factor in thr market. They are both a growth and value stock. They have delivered on growth and revenue targets, and give investor confidence in the tech sector.
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  • Valerie6888
    ·2022-01-31
    Not likely so. Apple may be strong and have a strong presence in the tech field. However, they have not come up with anything special or transformational in awhile
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  • M E
    ·2022-01-31
    Yes and it will, becauss with the cash $Apple(AAPL)$ going to enter metaverse and cloud computing after that! With their loyal customer, sooner they also be top in EV!
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  • RedpillBluep
    ·2022-01-31
    with Apple's insane numbers of isheep [Sly] fans, followers and supporters, all they need is another good product/service like icar for example, the rest doesn't take a genius to deduce and predict.
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  • DanZillaXD
    ·2022-01-31
    It will happen. No doubt about that.
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  • Boo2020
    ·2022-02-08
    An apple in portfolio keeps the portfolio green.however, Don't think it can keep the bull in the short term with Facebook routs in the limelight, might need some time before the bull come back.
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  • DrSam
    ·2022-02-05
    FAANG stocks now on earning report have turned into a AAA grading for over performance companies…Apple Amazon Alphabet…invest on the 3A’s!
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  • BlackTechAI
    ·2022-02-05
    Yes Bullish! Sales & Profits beat projections!
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  • koolgal
    ·2022-02-04
    An Apple A Day Keeps The Bear Away! See how it leads the Tech Stocks to new heights! We need more Apple Days to bring cheer to the markets & drive the Bear away! Give me an Apple everyday!
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