Why Apple Was Up On November 30 With Broader Markets In Red

Benzinga2021-12-01

Apple Inc stock closed higher by 3.1% on November 30 as other stocks plunged on concerns of the new omicron Covid variant, CNBC reports. Other large-cap tech stocks like Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, Amazon.com Inc (NASDAQ: AMZN), Meta Platforms Inc (NASDAQ: FB) (formerly Facebook), and Microsoft Corp (NASDAQ: MSFT) closed lower for the day amid a broader market selloff.

  • Needham analyst Laura Martin said investors turned to Apple due to its prodigious cash flow capable of weathering the storm, not going bankrupt, not having financial distress.
  • Apple is positioned to introduce new products to further power growth, including a headset, Martin said.
  • Martin said there are indications that Apple’s current products, especially its iPhone Pro models, are selling well, potentially leading to a big December quarter for the company.
  • Tablets, especially the high-end iPhones, all of which say they’re going to have high margins and high revenue for the fourth quarter of this year, Martin added.
  • The Dow Jones Industrial Average dropped 651 points, the Nasdaq composite fell 1.6%, and the S&P 500 was down about 1.9% on November 30, after Fed said it would discuss speeding up the bond-buying taper at its December meeting.
  • Price Action: AAPL shares traded higher by 1.77% at $168.22 in the premarket session on the last check Wednesday.
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精彩评论

  • FuadTrade
    2021-12-01
    FuadTrade
    Aapl is a buy
  • Tanyl
    2021-12-01
    Tanyl
    Will it continue to grow bigber
  • Tanyl
    2021-12-01
    Tanyl
    Can invest in option way
  • Tanyl
    2021-12-01
    Tanyl
    Apple had grow big
  • cozyli
    2021-12-01
    cozyli
    Pls like thanks
  • OJC
    2021-12-01
    OJC
    Ok
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