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Azeem Sheriff -
CMC Markets -
Trading Idea of the Day
NYSE:AAPL - Apple Inc - BULLISH BIAS
- Key levels on the chart - consider taking trades from key support/resistance zones.
- Apple seems to be a fan favorite of a few superinvestors, 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.
ASX & Economic Key Events
OPTO For Investors Research
Article of the Day: Cameco, Energy Fuels and Paladin fuelled by uranium rush
Podcast of the Day: Portfolio manager Caroline Cai’s take on an emerging markets’ debt crisis
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)
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