During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
Apple & Tesla Stocks Overview
2022-12-15 • Updated
Apple
Apple stock grew by 2.75% during the trading session on August 30. It reached $153.48, which is an all-time high. Additionally, the Cupertino tech giant's market capitalization, which is calculated as multiplying the stock price with the number of outstanding shares, reached $2.53 trillion.
The Apple rally was caused by the news that the new iPhone 13 lineup will support satellite communications. It also comes days after Apple announced a settlement with developers that included new App Store policies, such as loosened rules on app makers communicating directly with their users.
Analysts expect Apple to present news iPhone 13 and Apple Watch 7 at the end of September.
Technical analyses
4H chart
The closest resistance for Apple stock is in the $157-158 range (where the price will meet the blue line which connects two previous highs). According to the Fibonacci expansion, the first target for this move is $170. The support level is $145.
Tesla
The Tesla TSLA Model 3 is the fastest-selling electric car in Western Europe thanks in part to its strong range claims.
Technical analyses
Daily chart
Tesla stock broke through $727 resistance and heading towards $770 now. On the way, it will meet $745 resistance, but it is doubtful it will create a big problem. As soon as the stock breaks through the $770 level it will be pumped to $800.
Support levels are $727 and $713.
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This week AMD, Amazon, and Apple will release their earnings reports. These tech giants will determine the future of the US stock market!
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...