Episode Transcript
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Speaker 1 (00:00):
The latest numbers on Apple stock show a recent close
at two hundred thirteen United States dollars and twenty five cents,
following a striking rally of five point zero nine percent
in a single session. This rise was powered by heavy
trading volume, with one hundred one point nine million shares
changing hands, well above Apple's typical average of about sixty
(00:22):
two million. Throughout the session, Apple share price briefly traded
as high as two hundred sixteen United States dollars and
twenty three cents and fell as low as two hundred
eight United States dollars and eighty cents, with evidence of
strong technical interest as the move was driven mostly by
market momentum rather than broad sector wide changes volatility aside,
(00:46):
shares continued to trade actively in pre market action, reaching
as high as two hundred twenty United States dollars. What
triggered this move was Apple's high profile announcement of a
one hundred billion dollar initiative to strengthen amid American manufacturing,
which expands its total United States investment to six hundred
billion over the next four years. The ambitious program is
(01:08):
called the American Manufacturing Program and aims to expand supply
chain partnerships and create more jobs domestically. This bold move
sent a strong signal to markets and analysts alike. As
a result, Wall Street analysts have updated their views and
issued a string of price target increases. Bank of America
(01:29):
lifted its target to two hundred fifty United States dollars
and confirmed to by rating, while City raised its target
to two hundred forty five and Wedbush now expects as
much as two hundred seventy. The overall consensus among analysts
as moderately bullish, with the average target sitting near two
hundred thirty three United States dollars and ten cents, and
(01:51):
a number of aspected firms reiterating overweight or outperform ratings.
Beyond the big headlines and analyst activity, technical signals indicate
the stock is at risk of short term profit taking
given that momentum indicators, including the Relative strength index, are
running hot near seventy. Nevertheless, option's activity is robust, with
(02:15):
call contracts on the two hundred twenty United States dollar
strike seeing increased attention. In summary, Apple stock stands at
an inflection point, buoyed by a surge in investor confidence
around its new domestic investment push strong earnings and a
wave of positive analyst revisions, but near term traders should
(02:36):
watch for volatility as the market digests this new phase.