To The Moon

🌟🌟🌟Apple was the only Big Tech whose share price rose higher in after hours trading when it reported its 4th fiscal quarter ending September 24, 22.   Meta Platforms and Amazon share price plummeted last week compared to Apple. 

Apple reported solid profits on rising revenues but its iPhone sales missed estimates due to the strong US dollar. 

Profits rose 1% to USD 20.7 billion and its revenue rise 8% to USD 90.1 billion.

However Apple is currently facing slowing global economic growth, high inflation, rising interest rates and a strong US dollar.

Apple share price closed down 1.54% today at 153.34.  I am Bearish on Apple in the short term and believe that it will test the 150 mark and go below that.  However if Apple share price drops to 140 to 145, it is a Buy for me.

I believe that Apple is a good stock to hold for the long term as it has a wide moat and a strong brand name.  It will continue to grow exponentially in the long run and thrive.   With a strong balance sheet, Apple is more resilient and can weather market volatility better than most Tech stocks.    Just ask Warren Buffett who has seen Apple's phenomenal growth. 

@Tiger_chat@CaptainTiger@MillionaireTiger@TigerStars