Google Shines, But Other FAANG Stocks Underperformed in 2021
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 Price is Likely to Break Psychological $50K Soon
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.
Large Tech Stocks Sets Bullish Tone for NASDAQ Index in 2021
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.
Apple stock fail to make gains on iPhone 12 launch, analysts praises pricing
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.
Apple Stock Falls on Piper Survey Despite iPhone Event
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 is Shining Ahead of 5G iPhone Event
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 Could Get Additional Support from Digital Payment Business
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 has 25% Upside, Jefferies says
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 Plunged by $150B in a Day, Here's Why
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 Extend Gains Amid String of Bullish Indicators
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 fails to rebound whilst US equity futures continue to rise and tax hike rumours spark in the UK
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 Rebounds on Strong Results
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…