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Wednesday, February 19th
Fortune always favors the brave, and never helps a man who does not help himself.
-P. T. Barnum
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Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Down
🇺🇸 United States: Down
🛢️ Oil: Up
⚡Crypto: Up
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Major Market Events
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Gas prices are headed higher and it could be worse in certain regions
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Trump says unfair to US if Musk builds factory in India
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State Street relinquishes title of biggest ETF to Vanguard
🤔 My Thoughts
I love trading AAPL, but I’ve also been a skeptic of their long-term prospects as innovation slows in the post Steve Jobs era.
But so far the markets are liking Apple’s recent announcement of an “affordable” AI-enabled iPhone for $599 as many iPhones were $1200+.
Would you consider buying the $599 iPhone? Respond to this email and let us know.
This could be big for foreign markets where purchasing power is lower, though Apple is still facing stiff competition from Korea’s Samsung and multiple Chinese makers.
And one of the biggest problems is that “AI-enabled” just doesn’t seem to land as a major benefit. We follow Apple closely, and to be honest, couldn’t tell you much about what the AI “Apple Intelligence” actually offers beyond simply using ChatGPT or Elon Musk’s Grok in a browser.
Wwe believe this short term pop in Apple stock price is merited… but we still really want to see some Steve Jobs era innovation with new devices. They tried with VR goggles, but the launch fell flat, and it’s clear something else is needed.
Still – this is a $3.6 trillion market cap company with an outrageous amount of cash on hand, so we don’t
If you want to see a strategy I love for trading Apple – which does NOT require the stock to go up – check this out right here.
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Testimonial of the day
Kathern O. about Bargain Bin Trader: “My 1st solid trade, up $980! Amazing!”
