G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst!
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Azeem Sheriff - @Azeem__Sheriff
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Trading Idea of the Day
NASDAQ:AAPL - Apple Inc - BULLISH BIAS
- Key levels on the chart - consider taking trades from key support/resistance zones.
- Apple seems to be a fan favourite of a few super investors, given the likes of Warren Buffett have it as his largest holding by far within Berkshire Hathaway.
- The company continues its pattern of solid performance, posting record revenue figures of US$83 Billion for the quarter ending June 25th 2022. Overall profit margin remained relatively flat however net income was lower than the same quarter last year thanks to higher R&D and administrative costs.
- The impacts of the latest iteration of the iPhone are yet to be seen on the balance sheet, however recent news of Apple reversing their plans to increase manufacturing output could potentially point to lower-than-expected sales which could present a fantastic buying opportunity for those long-term investors and Apple bulls.
ASX & Economic Key Events
OPTO For Investors Research
Article of the Day: GinsGlobal Index Funds CEO Anthony Ginsberg’s thematic radar
Podcast of the Day: Why Cohesive Capital’s John Barber is bullish about private equity
APAC Daily Report
Market Snapshot & Highlights as of 8am AEDT
Global Markets Headlines
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)