To The Moon

US market rallied on Fri (03 Mar) closing off the first week of Mar 2023 on a “high”. Market continued to ride on : Fed’s official Mr Bostic’s selective speech extract about “Summer pause” US Treasury yields 10 years benchmark easing to below 4% Economic data (PMI Index) helped investors to look past the likelihood that the Fed will retain its restrictive policy until late in the year When Market Closed For The Week : DJIA : +1.17% (+387.40 to 33,390.97). S&P 500 : +1.61% (+64.29 to 4,045.64). Nasdaq : +1.97% (+226.02 to 11,689.01). Best performing Index. Still bubbling below 12,000 key level. With A “fantastic” Closing, The 3 Indexes’ Moving Averages Were : There is a marked “improvement” in both Nasdaq and S&P 500 Indexes performances on their 20-day ma & 50 day-ma. Meanwhile, DJIA although looking status quo, the “gap” between the index and its respective 20-day ma and 50-day ma are narrowing. Of the 5 Big US Banks, I find $Morgan Stanley(MS)$ the most “accurate” in their assessment of the US market & US stocks. Click here to find out its Q4 2022 earnings !! Led by its Chief Investment Officer cum Chief Equity Strategist Mr Mike Wilson; so far the banks’ analysis (to me) have been spot-on relatively. In its latest report to investors, MS finds that $Apple(AAPL)$ is the best buy for 2023 because of an exciting year ahead for the company. Part of the analysis concludes that Apple is seeing "underownership" by pension funds & other institutions; suggesting 2023 is the time to invest. What Makes AAPL A Compelling Top Pick Investment Now ? Apple’s 5 idiosyncratic tailwinds over the next 6-9 months 4 of 5 tailwinds have to do with specific issues Apple is expected to see or make in 2023. These would be : 1. Services "re-accelerating" growth 2. "Pent up demand" for the iPhone 15 3. An Apple AR headset 4. Possible hardware subscription service; compelling analysis indicating potentials to unlock over $1 Trillion of market cap upside as the market properly values the increased visibility and stability of a subscription model. 5. Underappreciated gross margin tailwinds Multiple reports predict at least an iPhone subscription potentially starting as soon as Mar 2023. Apple Mixed Reality (AR) headset is now expected to be launched at WWDC 2023 in June. AAPL - One Year stock price as of 03 Mar 2023 03 Apple stock price as of 03 Mar 2023 (Fri) is $151.03. Comparing to its 07 Mar 2022 stock price; its current price is -5.19% lower. How Will US Market Trade On 2nd Week Of Mar 2023 ? Looking at US Pre-market indicators (above diagram) - Mix of Red & Green ! Bitcoin & Ethereum prices for last hour & 24 hours (above diagram) - Green & Green ! Asia markets (ASX - Green !, Nikkei - Greeb !, KOPSI - Green !, HSI - Green !) EU markets (DAX - Green !, FTSE - Red !, CAC - Green !). Looking at the list of companies announcing their Q4 2022 Earnings reports this week, there are hardly any stocks that registered heavy trading volumes. Therefore, they will not be able to exert any significant influence overall US market sentiments. Official reports, however is a different story. Very likely that all Employment (related) Reports out this week will be keenly watched by both institution and retail investors and The Fed (of course !)