Apple Inc. NASDAQ: AAPL

FAANG stocks have been struggling to extend the upside momentum into 2021 as four out of five FAANG components are still struggling to generate positive returns so far this year. Apple (NASDAQ: AAPL) is down 2% year to date while Amazon (NASDAQ: AMZN) and Facebook (NASDAQ: FB) are also in the red since the beginning of this year.

Bitcoin (USD-BTC) price cruises to a new all-time high of $48600 level in Thursday trading but failed to breach the $50K resistance level and fell back to the $47K range. However, the market fundamentals suggest $50K is just a near-term physiological mark as the largest cryptocurrency is set to generate massive gains this year.

Apple (NASDAQ: AAPL) stock price has been trading in a tight range since the start of this year and struggling to post big gains despite generating record December quarter sales.

Investor’s strategy of capitalizing on tech stocks selloff is helping in building a new momentum in the NASDAQ index, which is likely to continue for the next few months because the majority of big tech and information technology companies are seeing bright prospects ahead.

The technology giants Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have generated record results for the December quarter and fiscal 2020 amid robust demand for tech products during the pandemic year.

FAANG stocks have outperformed the broader market index in 2020 by a wide margin but the group underperformed since the beginning of 2021 due to lofty valuations.

Apple stock price failed to generate an upside momentum despite launching closely watched 5G iPhone 12 event last week. The share of the largest tech company plunged from $125 to $119 a share since it has launched a series of new 5G phones.

The world’s largest tech company has introduced a $99 HomePod Mini in white and space gray color and new 5G supported iPhones including a 6.1-inch iPhone 12 and mini 5.4 inches iPhone 12. The company has also launched the iPhone 12 Pro (6.1-inch) and Pro Max (6.7-inch) with 128GB of storage.

Apple stock price extended the upside momentum in Tuesday trading after reporting more than 6% gain on Monday ahead of the Apple’s 5G iPhone launch today. Apple has delayed the launch of the 5G smartphone from its original date because of the coronavirus pandemic.

Apple stock price has lost the upside momentum over the last month amid a broader market selloff due to concerns over slowing economic growth. Meanwhile, the market analysts appear bullish over the future fundamentals as the world’s largest tech company has successfully been diversifying its revenue base over the past two years.

Apple stock price lost upside momentum this month amid the broader market tech selloff. However, the dip in shares of the largest tech company is presenting a buying opportunity for the long-term investors in Jefferies view. The firm has provided a price target of $135, indicating almost 25% upside from the current level.

Apple market cap and stock price saw the largest one day decline in history on Thursday after several European countries announced the imposition of digital services taxes. The tech giant’s shares selloff has erased more than $150 billion of market cap on Thursday alone, topping Facebook’s single-day market cap loss of $120 billion in July 2018.

Apple stock price soared sharply in the past couple of weeks as market pundits have presented a bullish outlook of the largest tech company. The recent stock split along with price target hikes helped in accelerating the upside momentum.

Dollar Index fails to hold to earlier gains from European morning session, falling sharply from 92.48 to 92.20. European and US equity bourses climb , with Japanese equities outperforming Asian peers. Though covid-19 cases are dropping in developed countries, they remain high in developing countries - the battle is far from over. Tax hike rumours in the UK?

Apple stock price surged to a new all-time high of $500 on the back of numerous positive reports related to its growth activities. Analyst’s price targets upgrades also contributed to the share price rally in the past month.

Apple stock price rallied more than 6% after topping analysts’ expectations for the third-quarter results. The market analysts and traders have applauded Apple’s execution and commitment during the most challenging times. Its third-quarter revenue of $59 billion exceeded analysts’ consensus estimate by $7 billion. The revenue growth is driven by…