Apple's Blue-Sky Run Killed When Expensive New Product Is Unveiled: The Bull, Bear Case
Portfolio Pulse from Melanie Schaffer
Apple's stock reached a new all-time high of $184.95 during its Worldwide Developers Conference but dipped after revealing the cost of its Apple Vision Pro. The stock's movement also caused the S&P 500 to sell off, printing a shooting star candlestick on the daily chart, suggesting lower prices for Tuesday.
June 06, 2023 | 12:58 pm
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NEUTRAL IMPACT
Apple's stock movement caused the S&P 500 to sell off, printing a shooting star candlestick on the daily chart. This may lead to increased volatility in the stock market, affecting MIAX's SPIKES Volatility products.
Apple's stock movement caused the S&P 500 to sell off, printing a shooting star candlestick on the daily chart. This may lead to increased volatility in the stock market, which could affect MIAX's SPIKES Volatility products. However, the direct impact on SPIKE is uncertain as it depends on the overall market volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Apple's stock reached an all-time high but dipped after revealing Apple Vision Pro's cost, causing the S&P 500 to sell off. Lower prices are expected for Tuesday.
Apple's stock reached a new all-time high but dipped after revealing the cost of its Apple Vision Pro. This movement caused the S&P 500 to sell off, printing a shooting star candlestick on the daily chart, which suggests lower prices for Tuesday. This indicates a short-term negative impact on Apple's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100