Apple is holding up well on Wall Street by supporting US tech stocks in a difficult phase. The company highlighted solid fundamentals after its record $123.9 billion in first-quarter sales beat Wall Street estimates even in the midst of a supply crisis. Profits also outpaced projections, propelled by new products including the iPhone 13. CEO Tim Cook blamed supply problems for the iPad’s lack of growth, saying these problems were even more serious than in the previous period. But the company has seen records in cloud, music, video, and payment services. The buybacks of the company started yesterday in support of prices. The Fed confirmed a rate hike and the cloud dot plot is aligned with the market which expects a total of 7 hikes this year. In fact, the scenario is already discounted by the market; tech stocks rebounded strongly yesterday.
Apple [AAPL.O] yesterday closed at $170.2 (+ 0.8%). Today, in pre-trading, it is flat. The stock reached both our targets of $160 and $170. The long strategy was opened on March 10th. We take profit and monitor for any further long openings on the stock which still remains with a good technical picture. Therefore, you can strategically close the position to reopen a long or break with a strength of $170 (volumes and volatility) or after some profit taking.
We recommend going LONG on the stock by buying the Leverage Shares 3X APPLE ETP (ISIN: IE00BK5BZS07) also listed on Borsa Italiana or 2x TP (ISIN: IE00BF03XJ35) on exceeding $170 (after closing and only if with volatility) or after any taking of profits (we monitor any downside to seize opportunities). From an investment perspective, however, we highlight the stock tracker certificates with 1x leverage (ISIN: XS2337099563).
The information provided by Websim, a division of Intermonte SIM, a company authorised by CONSOB to provide investment services and registered in the Italian SIM under no. 246, are obtained from sources deemed reliable (of which the company is not able to guarantee the absolute completeness and accuracy) and in any case, if there are doubts about their reliability, this will be clearly indicated. The main purpose of the site is to provide a set of updated and accurate information, studies and analyses in compliance with the provisions of the “recommendations” in current legislation and does not represent a “solicitation to invest” pursuant to art. 1, paragraph 1, lett. t) of Legislative Decree 58/1998.
Sandeep joined Leverage Shares in September 2020. He leads research on existing and new product lines, asset classes, and strategies, with special emphasis on analysis of recent events and developments.
Sandeep has longstanding experience with financial markets. Starting with a Chicago-based hedge fund as a financial engineer, his career has spanned a variety of domains and organizations over a course of 8 years – from Barclays Capital’s Prime Services Division to (most recently) Nasdaq’s Index Research Team.
Sandeep holds an M.S. in Finance as well as an MBA from Illinois Institute of Technology Chicago.
Violeta joined Leverage Shares in September 2022. She is responsible for conducting technical analysis, macro and equity research, providing valuable insights to help shape investment strategies for clients.
Prior to joining LS, Violeta worked at several high-profile investment firms in Australia, such as Tollhurst and Morgans Financial where she spent the past 12 years of her career.
Violeta is a certified market technician from the Australian Technical Analysts Association and holds a Post Graduate Diploma of Applied Finance and Investment from Kaplan Professional (FINSIA), Australia, where she was a lecturer for a number of years.
Julian joined Leverage Shares in 2018 as part of the company’s premier expansion in Eastern Europe. He is responsible for web content and raising brand awareness.
Julian has been academically involved with economics, psychology, sociology, European politics & linguistics. He has experience in business development and marketing through business ventures of his own.
For Julian, Leverage Shares is an innovator in the field of finance & fintech, and he always looks forward with excitement to share the next big news with investors in the UK & Europe.
Oktay joined Leverage Shares in late 2019. He is responsible for driving business growth by maintaining key relationships and developing sales activity across English-speaking markets.
He joined LS from UniCredit, where he was a corporate relationship manager for multinationals. His previous experience is in corporate finance and fund administration at firms like IBM Bulgaria and DeGiro / FundShare.
Oktay holds a BA in Finance & Accounting and a post-graduate certificate in Entrepreneurship from Babson College. He is also a CFA charterholder.
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