The stock market slid on Monday, failing to extend robust gains from last week. Investors are closely monitoring economic data for signals of Fed’s possible rate hikes. The central bank is set to meet next week.
Overall, S&P 500 declined 0.2% to 4,274, while NASDAQ fell 0.1% to 13,229.
Tweets of the Day
Apple's VisionPro starts at $3,499 & is available in early 2024. Thoughts? pic.twitter.com/Sbij1j3MaH
— Sawyer Merritt (@SawyerMerritt) June 5, 2023
Welcome to the era of spatial computing with Apple Vision Pro. You’ve never seen anything like this before! pic.twitter.com/PEIxKNpXBs
— Tim Cook (@tim_cook) June 5, 2023
Chart of the Day
Here is the one-year chart of Apple (AAPL) as of May 24, 2023, when the stock was at $172.
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. The company also offers payment services including a co-branded credit card Apple Card, and a cashless payment service called Apple Pay.
David Sharek, Founder of School of Hard Stocks, admitted that he totally underestimated AAPL’s growth opportunity.
“With the stock hitting an All-Time high today, I now understand why the stock has a P/E [of] around 30. Apple Vision Pro is the new catalyst for this compay and its stock.”
– David Sharek
AAPL is part of the Conservative Growth Portfolio.
