The stock market ended Friday lower despite a stronger-than-expected jobs data. Payroll rose 263,000 in November, significantly higher than the 200,000 increase expected by economists.
Overall, S&P 500 declined 0.1% to 4,072, while NASDAQ fell 0.2% to 11,462.
Tweet of the Day
— Rob Anderson (@_rob_anderson) December 1, 2022
Chart of the Day
Our chart of the day is the one-year chart of Apple (AAPL) as of November 25, 2022, when the stock was at $151.
Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables. accessories, and related services. Services include advertising on its platforms, AppleCare technical support, as well as the App Store for customers to download applications and digital content such as books, music, games and podcasts.
Apple is a safe stock with an Estimated Long-Term Growth (LTG) Rate of 9% a year, and a dividend yield of less than 1%. The low Est. LTG Rate takes this out of the “growth stock” category for David Sharek, Founder of The School of Hard Stocks.
Now, AAPL is part of the Conservative Stock Portfolio. This weakness the company is seeing might be short-term, as people spent a lot on computers the past two years.