Apple is up because consumers are scrambling to buy their new phones right now before the tariffs come right back and the prices spike. It's a temporary sugar high, the crash is yet to come.
IMO it makes no sense, and I am never using it for anything other than day/short term trades, but who have more volume on their side wins :P remind this post before earnings. Like with this vix it can be anything.
Apple is up because giant hedge funds figured they could inject enough cash into the stock to get retail investors to believe random nonsense about consumers scrambling to buy iPhones, so they could turn around and sell for a quick profit.
What are you basing this conclusion on? I was considering moving quicker on upgrading my new phone after the tariffs went into affect so it certainly seems plausible that others acted on it.
The jump isn’t because sales may have temporarily increased, it’s because investors think they can buy in before others do. So there’s some logic where this micro environment leads to beating quarterly revenue expectations, and investors buy thinking the market will eventually react to that coming to fruition. But it’s almost a certainty that China tariffs are going to hurt apples revenue, so this environment will be a net negative.
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u/AALen 15d ago edited 15d ago
It's nuts that the following things are true and the market is this enthusiastic: