Apple (SYM: AAPL) is attempting to break even higher.
Last trading at $188, we’d like to see it retest resistance around $199. All as the company nears its artificial intelligence announcement with OpenAI, June 10 to 14 at Apple’s Worldwide Developers Conference (WWDC).
“Apple is likely to unveil AI that works better on the higher end of the iPhone line, reducing latency and improving security. Don’t forget, the iPhones bought in the Covid surge are turning 4 years old now and the base is about to get a big nudge,” Melius Research’s Ben Reitzes said, as quoted by Barron’s. The analyst also has a buy rating on AAPL with a $227 price target.
Plus, according to analysts at Bernstein, Apple has fallen too much, advising investors to “be like Buffett” and buy.
“Despite his reputation as a long term buy and hold investor, Warren Buffett has been remarkably disciplined at adding to his Apple position when it is relatively cheap and trimming when it is relatively expensive,” analyst Toni Sacconaghi said, as quoted by CNBC. “We would encourage investors to follow suit, adding to positions on Apple when the multiple is 25x earnings or below, and trimming at 30x+.”
![🧐 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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