Apple's Resurgence - Gearing Up For A Monumental Launch Following A Solid 14% Bullish Move!
Portfolio Pulse from Zaheer Anwari
Apple Inc (AAPL) is considering ending its credit card and savings account partnership with Goldman Sachs due to disagreements over marketing strategies. Despite a recent 14% rise from its October low, Apple's stock has been stagnant since Thanksgiving, with $189 acting as support. If weakness continues, the stock could drop to the next support level at $182. The stock closed at $189.37, down 0.54% after the closing bell on November 29.
November 30, 2023 | 3:54 pm
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NEGATIVE IMPACT
Apple Inc is rumored to be ending its partnership with Goldman Sachs, which could lead to uncertainty and impact investor sentiment. The stock has been stagnant and could face further declines if it breaks the current support level.
The potential end of the partnership with Goldman Sachs could introduce uncertainty and negatively impact investor sentiment in the short term. The stock's current stagnation and the risk of falling below support levels may also contribute to a negative short-term outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90