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2021-10-13 • Updated
Apple may cut iPhone 13 production by 10 million units this year due to global chip shortages. The company expected to produce 90 million new iPhone models in the last three months of 2021, but the total volume will now be lower due to problems with the supply of sufficient parts from Broadcom and Texas.
Investors are worried about a possible decrease in revenue from the sale of iPhones. The price has been sliding since the beginning of September and now Apple stock is trading around $140.
in fact, the company never posted high revenue in the third quarter. We will see the results in the sales failure only at the end of the fourth quarter of 2021.
Moreover, FAANG shares are under pressure due to the expected rise in US inflation. Taken together, these factors led to the decline in the stock, however, we do not believe this negative will last any longer.
4H chart
Apple stock is trading in the rising channel. Now it is heading towards the bottom line. According to the RSI, bears are running out of power, so we believe a reversal might happen soon. The 200-day moving average is the strongest support and our first potential entry point. Also, the price can reverse out of $139 and draw a double bottom pattern. In this case, the best entry point will be as the price breaks through the high between two bottoms.
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
There is a period every stock trader loves the most due to significant movements, increased volatility, and, possibly, big gains. Open your trading apps and be ready to act! Earnings season comes four times a year and we crave to share our expectations with you.
As April approaches, investors are searching for good opportunities in the stock market. There are two booming industries that look positive in the coming period; electric vehicle (EV) stocks and banking stocks.
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).
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