The Nasdaq composite outperformed again in early trading Tuesday, cheered by yet another strong showing for Apple stock and a bullish earnings report from COVID-19 stock play Zoom Video, providers of a cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems.
Ken Shreve for Investor’s Business Daily:
After a 4-for-1 stock split, Apple (AAPL) shares got pulled down late with the Nasdaq Monday, but the stock ended with a gain of 3.4%. JPMorgan lifted Apple’s price target to 150 from 115, according to MarketWatch.
The Nasdaq composite was up 0.7%, and the Nasdaq 100 added 1.1%. The S&P 500 edged up 0.2% and the Dow Jones Industrial Average inched up less than 0.1%.
The S&P 500 suffered a mild distribution day Monday, falling 0.2% in higher volume, according to Monday’s Big Picture column. Sellers came into the market during the final minutes of trading as portfolio managers made some last-minute moves on the final trading day of August. But the stock market continues to act well amid limited signs of pronounced institutional selling in the S&P 500 and Nasdaq
MacDailyNews Take: Amazingly, after years, investors seem to have finally woken up to see Apple for all that it is and then even more that it will be!
You’re welcome – again!
FOUR MORE YEARS!
Why did you post a photo of a con man in a thread about Apple?
Here’s a real con, man:
The climb of the market (Apple and tech really) have nothing to do with Trump…unless you believe the Fed is acting upon Trump’s suggestions/orders to buy equities/assets of players in the market.
This is bubble territory and you are happy with that and attributing it to Trump?
Apple’s market cap is now greater than the entire Russell 2000 for the first time ever.
Massive growth reflecting earnings /s.
We look forward to FOUR MORE YEARS!
Democrats are so stupid.
https://twitter.com/myfinewords/status/1300523046277505026
Only the Democrat Party could nominate a dementia patient and a women who couldn’t even compete in the primaries.
D-E-M-E-N-T-I-A.
Arrest Jill Biden for Elder Abuse!
Grandpa Badfinger’s cognitive decline is obvious, even to Democrats:
https://twitter.com/Natsecuritynews/status/1300646523202490368
If quoting Eric is the best you Putin Trolls have to offer, you might as well go back to interfering with Bosnian elections.
Tin Foil Trumpets
St Petersburg Troll farm bonus today?
Pretty obvious that First Then has an office full of trolls pasting tweet repeats and incessant cult rally chants to distract voters from the reality of how bad the administration is. Total incompetence and nepotism, swamp deeper than ever. Real conservatives left a long time ago. Trumpets are Trolls.
“Nasdaq hits another high, led by Apple”
Since when is Apple traded on the Nasdaq?