Apple Stock (NASDAQ:AAPL): 5 Bullish Signs and 1 Red Flag
  • August 13, 2024

Apple Stock (NASDAQ:AAPL): 5 Bullish Signs and 1 Red Flag

Apple (AAPL) recently posted its Fiscal Q3 earnings, revealing a series of bullish indicators alongside a notable concern. In this article, we will explore five key bullish signs emerging from Apple’s latest results that highlight its growth potential and overall financial strength. At the same time, I will address one red flag that could negatively influence the stock’s investment case. For this particular reason, I remain neutral on AAPL stock despite its otherwise attractive characteristics.

Nubank Gains Post-Market After Doubling Profit in Quarter
  • August 13, 2024

Nubank Gains Post-Market After Doubling Profit in Quarter

(Bloomberg) -- Shares of Nu Holdings Ltd., one of the world’s largest digital banks, rallied post-market after a second-quarter earnings report that beat analyst expectations including record revenue and profit figures.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGotth

Morning Bid: Markets shake off volatility, but will it last?
  • August 13, 2024

Morning Bid: Markets shake off volatility, but will it last?

Markets have bounced back nicely from the recent volatility, and it's becoming clearer each day that the recent turbulence was likely due to the unwinding of large leveraged positions, like yen-funded carry trades, rather than deeper concerns about global growth. The July CPI numbers might not show much improvement from the previous month, but as long as there isn’t a big surprise, investors might still hope for the Fed to start easing in September. Futures markets currently show a 54% chance of a 50 basis point cut by the Fed, with a 46% chance of a 25 basis point cut, and traders are pricing in a full percentage point of easing by year-end.