Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Will the Apple stocks rise?
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What to expect?
During the so-called “It’s Showtime” event, the company will announce some of its new products and services.
One of the most anticipated announcement is, of course, the launch of a Netflix rival alongside with the new Apple TV. In addition, it is expected that Apple plans to announce an updated Apple News Subscription, which would aggregate news and magazine subscriptions into one product.
What else we may expect from the meeting? Last week, Apple CEO Tim Cook announced its second generation of AirPods. This announcement led to speculation on whether the long-awaited AirPower mat, a wireless charging system for Apple devices, would be released as well.
What about the stocks?
On Friday, Apple stocks plunged to the support at 189.55 on the risk aversion. If they continue to fall, the next support will lie at 185.90. Otherwise, if today’s release supports the price for Apple shares, it will rise above the resistance at 196.3. The next resistance in focus is placed at 209.5.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.