The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
Time To Sell Apple?
Information is not investment advice
Apple, your favorite phone maker and one of the biggest tech companies, which capitalization has recently reached $3 trillion, will post its earnings today at 23:30 GMT+2.
EPS - $1.90
Revenue - $90.6 billion
The start of the year wasn't easy for Apple. The company has been coming through many logistical challenges. Due to that, the company reported that logistical problems resulted in $6 billion of lost revenue in fiscal Q4. Another factor that adds pressure to Apple is the global chip shortage that is expected to continue adding pressure to the company's performance. As a result, analysts forecast the company's revenue of $90.6 billion, which is only 1% year-over-year growth from the company's $89.6 billion revenue in the second quarter of fiscal 2021. Of course, if the supply issues have eased, the revenue outlook will be far better.
Apart from EPS and revenue, traders will be looking at the guidance for Q2, where they will find out the current situation around the supply-chain issues and management's vision on the solution of the problem.
The stock of Apple was affected by the broad-based selloff of the tech stock that started at the beginning of the year. The tech-heavy NASDAQ has fallen more than 17% within just a month in anticipation of a monetary policy tightening. At the same time, the stock of Apple has been down 15%. On the daily chart, you can see the head and shoulders pattern. The 100-period SMA stopped a further downside at $157. A break below this level will trigger a further fall to $148 (200-period SMA).
Don't know how to trade stocks? Here are some simple steps.
What happened? Warren Buffett, the American businessman and philanthropist, has put most of Berkshire Hathaway’s cash in short-term United States Treasury bills since they offer as much as 3…
The e-commerce giant has recently faced a lot of pressure, starting from global uncertainty in China amid lockdowns and geopolitics. The company has been added to the US SEC (Securities and Exchange Commission) delisting queue. Finally, there’s an earnings report coming on August 4. Let’s discuss everything and prepare for the next move.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?