An APPLE ($AAPL) A Day Keeps The Doctor Away ?
In my post on Tue, 18 Apr 2023 (click to read !), I have cited concrete reasons why I liked $Apple(AAPL)$.
They are :
+5.12% potential upside to 52-weeks “peak” price
Its upwards trending moving averages for 200-day, 50-day & 20-day.
Its “favourable” current “relative strength index” (RSI) of “62”.
Its very first standalone Lifestyle shop in India, Mumbai; 22 years later after its first brick & mortar store opened on 19 May 2001 in Tysons Corner, Virginia USA.
Its annual WorldWide Developers Conference (WWDC) on Jun 5-9, 2023 that will influence rise to Apple stock price to rise, most of the time.
Most important, its new project collaboration (Apple Savings Account) with $Goldman Sachs(GS)$, that I really like and feel will bring innovative disruption to US banking & Financial sector (shaking things up a little).
Given the Mar 2023 US regional bank financial crisis, its about waking time as well.
Why I Like This New “Money-Spinning” Venture :
Attractive high interest rate of 4.15% (Making your money work hard for you, whats not to like)
Available to Apple Card users only (Exclusive !)
Accessible thru Apple Wallet (Secure !)
Single account holder only (Keep it simple).
No minimum requirement (Very important to avoid bank charges)
No monthly fees (GS is not milking money off your account for no reason).
Maximum limit of $250,000 (“keep out” the rich-ies from abusing this account)
Auto top up of Cash back from Apple Card spending into savings account to earn interest (customer to benefit on every dollar spent immediately - innovation I say !).
Cap of $20,000 (limit) transfers per 7-day period, and transfers must be between $1 and $10,000 (built-in bank-run mechanism to prevent SVB saga, no need to elaborate right !).
Guaranteed by the Federal Deposit Insurance Corp (FDIC).
What is there not to like about this “Digital Banking” account:
Hardly any human intervention. Just need to ensure system is up & running - that’s all.
Fully guaranteed by official body and fully executed by a Top 10 US bank (not a US regional bank somemore !).
If only there is something vaguely similar in Singapore, it would be a worthwhile account to open and own.
Guess what ? I think both institutional and retail investors concur with my point of view.
Apple stock price edged up +0.75% to $166.47 yesterday Tue, 18 Apr.
It “peaked” at a high of $167.24, barely 25mins after market opened for trading.
Need I say more ?
Do you think there will be more upside to Apple stock ?
Do you think you will add Apple stock to your portfolio if you have not already done so ?
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Samsung hit with over $300 million jury verdict for stealing Netlist's patents...Micron is next to be tried for the same followed by Google, Apple, AMD, INTC, and others.
The $170-175 water mark is going to be key to break. Either way, AAPL seems to take a breather after earnings spikes
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AAPL is trading $9 above 50 DMA.Technically, this is a very bullish sign
Could be time to take some long awaited profits and get back in around 145 -150 range
How is this crap holding 150 and lower let’s go