It Doesn’t Make Sense That Apple Beat Estimates and Revenue, and the Stock is Tumbling!

It Doesn’t Make Sense That Apple Beat Estimates and Revenue, and the Stock is Tumbling!

I just wanted to reiterate that sometimes the stock market is illogical, and a good example is Apple (AAPL) stock…

Read This: Apple Reports Second Quarter Results

So basically, Apple beat out analysts’ estimates, had a record revenue of $89.6 billion, up 54% from last year! In addition, estimate was 0.99 cents per share gain was beat with an actual of $1.44 per share.

The only logical thing is that hedge funds are once again shorting the stock. But, eventually AAPL does rebound and move on to new record highs based on its historical data and charts.

I can only guess that the reasons why the stock markets are tumbling lately are that 1) there is some sort of stock market war between renegade investors (particularly on the Reddit subgroup r/WallStreetBets and the big hedge fund investors who are now retaliating against the ‘big squeeze’ with GameStop (GME)… or, 2) it is politically motivated somehow to sabotage the current administration’s efforts with the economy and the pandemic…

The other reality is that The Dow and the NASDAQ recently hit all-time highs, and we are just receding from this…

more later…

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randomguru

Portfolio Manager & Musician

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