September 12, 2019

AAPL Can Carry The Markets To Record Highs

With the way Apple Inc. (AAPL) has traded as of late, it is not a surprise to see the markets moving up with it. Once again, AAPL is now a trillion-dollar company. Who would’ve thought that AAPL would rally so strong after their big announcement. Not only did they rally on huge buying, but ROKU, NFLX, and DIS all slumped lower on big news. The big news is what I feel is the driver of this up move is their streaming services. You may not look at AAPL as a growth name, but that is actually what can happen. AAPL services have been the driver of the upside move for the last two years. Now, we can see a huge move coming for the next year. If they show continued demand and growth for their services, AAPL can easily jump to the $250-$300 range by end of 2020. Now that is only if they continue to sell iWatch and Airpods like crazy and show new demand for the iPhone and iPads. Also with a huge demand of subscriptions for television and arcade. If this all happens, then the perfect storm will occurr. Rarely have we ever talked about AAPL being a growth stock, well that time is now. If AAPL rallies, so do the markets. That is what we are all hoping for. 

Follow me on Twitter: @DiscipleOfTrend

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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