Some Chinese Abandoning Apple, Stock Buying On No Response From Iran, All Eyes On Bank Of Japan
Portfolio Pulse from The Arora Report
Investors are buying stocks due to no military response from Iran over the weekend, ignoring potential bad news on Apple. Reports suggest many Chinese are abandoning iPhones for Huawei’s Mate 60 Pro. Apple's largest supplier, Foxconn, is being targeted by China with tax audits and land use audits. The Bank of Japan's decision is awaited, with opinions ranging from no action to abandoning its yield curve control policy. Money flows are positive in several tech stocks and ETFs. Gold is over $2000, while oil is being sold due to no military action from Iran.
October 30, 2023 | 9:30 pm
News sentiment analysis
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POSITIVE IMPACT
Gold is over $2000, with the momo crowd buying in the early trade.
The increase in gold price and the buying by the momo crowd could indicate investor confidence, potentially leading to an increase in the price of SPDR Gold Trust.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Good earnings from McDonald's have brought in more buying.
The good earnings reported by McDonald's could attract more investors, potentially leading to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Money flows are positive in Invesco QQQ Trust Series 1.
The positive money flows in Invesco QQQ Trust Series 1 could indicate investor confidence, potentially leading to an increase in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Money flows are positive in SPDR S&P 500 ETF Trust.
The positive money flows in SPDR S&P 500 ETF Trust could indicate investor confidence, potentially leading to an increase in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Potential bad news for Apple as Chinese consumers reportedly abandon iPhones for Huawei’s Mate 60 Pro and China targets Apple's largest supplier, Foxconn, with audits.
The reported shift of Chinese consumers from iPhones to Huawei and the targeting of Foxconn by China could negatively impact Apple's sales and production, potentially leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Oil is being sold due to no military action from Iran over the weekend.
The selling of oil due to no military action from Iran could indicate a decrease in demand, potentially leading to a decrease in the price of United States Oil ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50