Keep an eye on Apple (AAPL).
After diving from about $192.50 to $182.68, the stock is starting to pivot higher. The tech giant is oversold on RSI, MACD, and Williams’ %R at its 200-day moving average. Analysts at Bank of America also upgraded the stock to a buy rating, expecting artificial intelligence and Vision Pro to drive upside in the stock.
With a $225 price target, they said, “We upgrade Apple to Buy from Neutral, given: 1) stronger multi-year iPhone upgrade cycle driven by need for the latest hardware to enable Generative AI features to be introduced in 2024/2025 (large part of installed base still on iPhone 11), 2) higher growth in Services as Apple better monetizes its installed base,” as quoted by CNBC.
They added the Vision Pro “could surpass iPad revs over time as spatial computing takes hold offering differentiated use cases driving services upside.”
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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