IPHONE 12 PROSPECTS JUST GOT BETTER BUT WATCH OUT FOR THESE RISKS TO APPLE STOCK $AAPL $SPY $DJIA $FDN $GOOG $MSFT $FB $AMZN
Apple reported blowout earnings after the stock market closed Tuesday.
Earnings were better than the consensus and the whisper numbers. Still, those numbers are in the rearview mirror. Let’s look ahead: The prospects for iPhone 12, a 5G-based phone, just got better.
However, Apple investors and those who want to buy the stock ought to be aware of a nuanced situation that may develop and increase risks. Let’s explore with the help of two charts.
Two charts
Please click here for an annotated daily chart of Apple AAPL stock.
Please click here for a chart of Apple stock compared with the Dow Jones Industrial DJIA, S&P 500 ETF SPY and Internet ETF FDN.… Please click here or the title below to read more.
January 29, 2020