HoldTheDoor
2021-06-07
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Apple heads into developer conference still in correction territory: Sector Watch
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It's down 12% from the top in late January.</li><li>From a momentum point of view,it's fighting its 200-day simple moving average.</li><li>Also this week, Apple may be discussed in the ARK Investment Management's monthly webinar.</li><li>Cathie Wood's ARK team will discuss their holdings starting at 1:30 PM ET Tuesday.</li><li>ARK has almost completely divested from Apple, selling through May from its ARK Fintech Innovation ETF(NYSEARCA:ARKF).</li><li>The last sell was in May.</li><li>But Wood has talked about Apple and the self-driving car possibility on previous webinars.</li><li>Apple has lostthree execs from its self-driving program.</li><li>Seeking Alpha contributor Oleg Kombaiev argues there arestrange facts involving Warren Buffett and Bill and Melinda Gates.</li><li>Seeking Alpha contributor Jonathan Weber is concerned with valuation</li><li>\"I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company likeApple with a strong brand, massive scale, great margins, and a fortress balance sheet.\"</li></ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple heads into developer conference still in correction territory: Sector Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 10:23 GMT+8 <a href=https://seekingalpha.com/news/3703522-apple-heads-into-developer-conference-still-in-correction-territory><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple(NASDAQ:AAPL)will kick off its annual Worldwide Developer Conference Monday with shares still struggling since a peak in late January.At 1 PM ET the keynote for its annual Worldwide Developer ...</p>\n\n<a href=\"https://seekingalpha.com/news/3703522-apple-heads-into-developer-conference-still-in-correction-territory\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3703522-apple-heads-into-developer-conference-still-in-correction-territory","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1149227206","content_text":"Apple(NASDAQ:AAPL)will kick off its annual Worldwide Developer Conference Monday with shares still struggling since a peak in late January.At 1 PM ET the keynote for its annual Worldwide Developer Conference hits.New hardware reveals could include a new MacBook Pro release, both a 14-inch and 16-inch display driven by the M1 chip,according to Seeking Alpha's Catalyst Watch.The stock is still in correction territory, usually defined as 10% from a high. It's down 12% from the top in late January.From a momentum point of view,it's fighting its 200-day simple moving average.Also this week, Apple may be discussed in the ARK Investment Management's monthly webinar.Cathie Wood's ARK team will discuss their holdings starting at 1:30 PM ET Tuesday.ARK has almost completely divested from Apple, selling through May from its ARK Fintech Innovation ETF(NYSEARCA:ARKF).The last sell was in May.But Wood has talked about Apple and the self-driving car possibility on previous webinars.Apple has lostthree execs from its self-driving program.Seeking Alpha contributor Oleg Kombaiev argues there arestrange facts involving Warren Buffett and Bill and Melinda Gates.Seeking Alpha contributor Jonathan Weber is concerned with valuation\"I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company likeApple with a strong brand, massive scale, great margins, and a fortress balance sheet.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":16,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/114097128"}
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