Buffett Trims Position in AAPL ! The End of the Apple Car Dream In the wake of Apple Inc.'s recent fiscal first-quarter results, a concerning narrative unfolds as the tech giant faces significant challenges.
Sales in China plummeted by 13%, amounting to $20.8 billion in the quarter ending December 30. This stark decline not only fell short of analysts' expectations, who had predicted $23.5 billion, but also marked Apple's weakest December quarter performance in the Asian nation since the beginning of 2020.
The downward trajectory doesn't seem to stop there. In a notable move, Goldman Sachs has removed Apple stock from its 'U.S. Conviction List,' casting doubt on the company's short-term prospects. This decision by one of the world's leading investment banks signals a loss of confidence in Apple's ability to outperform in the market.
Adding to the turbulence is the breaking news that Apple is winding down its ambitious electric car plans, ending a decade-long venture. According to reports from Bloomberg, the company is set to cut some employees associated with the Apple car project, with many expected to transition to focus on artificial intelligence (AI) initiatives. This strategic shift raises questions about Apple's ability to stay competitive in the rapidly evolving tech landscape, especially given the intensifying competition in the AI sector.
Adding to the mounting concerns surrounding Apple Inc. (AAPL), Berkshire Hathaway, led by legendary investor Warren Buffett, made a notable move in its latest 13F filing. Dated February 14 and covering the period ending December 31, 2023, the report reveals a strategic decision by Berkshire Hathaway to sell approximately 10 million shares of Apple.
My Price Target for AAPL is $168 by mid 2024.
Buy-sell-indicators
GOOGL Too Woke to Enter the AI Race Yet !!If you haven`t bought the dip on GOOGL:
Then you should know the recent controversy surrounding Google's Gemini AI was sparked by a viral post revealing an image generated by the tool. This image depicted the U.S. Founding Fathers, inaccurately featuring a black man.
The incident raised concerns about the AI's historical accuracy, prompting discussions about the precision and reliability of Google's Gemini AI image generator.
Gemini faced criticism for producing images of German soldiers from World War Two that deviated from historical accuracy by featuring a black man and an Asian woman.
The AI stated that there was "no right or wrong answer" when comparing Elon Musk posting memes to the actions of historical figures like Hitler.
Gemini firmly rejected the idea of misgendering a high-profile trans woman, Caitlin Jenner, even in a hypothetical scenario involving a nuclear apocalypse.
These instances of over-politicized responses have raised questions about the nuanced understanding of ethical dilemmas within the AI system.
The controversy surrounding Gemini prompted Google to promptly pause the tool and issue an apology, acknowledging that improvements were needed to align the tool with ethical standards.
I expect to see some significant resignations at Google soon!
My price target for GOOGL for the next 2 months is $130.
NVDA Nvidia Buy the Dip OpportunityNVDA and MSFT stood out as my top picks for 2023!
On the chart, you'll find some of my past buy recommendations, such as this one before the earnings:
In my view, the current retracement presents a favorable 'buy the dip' opportunity.
Utilizing the Fibonacci retracement tool, I've identified a buy zone between the 0.618 level and 0.5, ranging from $785 to $821.
My year-end price target is set at $1100!
Most likely, we'll see a stock split soon, a move that is statistically considered bullish!
SPY S&P 500 ETF Potential Retracement ! If you haven`t sold AAPL after after Buffett trimmed his position in it:
Then you need to know that at 12.90%, Apple is the Nasdaq Composite's largest stock by weighting, followed closely by Microsoft at 12.14%.
Even though Apple has diversified its product line with Watch, AirPods, and services, the iPhone is still responsible for 52% of its revenue.
Today, we found out that APPLE'S CHINA IPHONE SALES TUMBLE 24%, LOSING OUT TO HUAWEI.
A downturn in AAPL could have a cascading effect on the overall market!
PEPE Potential Correction SoonIf you haven't entered PEPE in the buy area:
Now, at an RSI exceeding 93, it seems we are currently in a massive bubble.
The previous corrections following an RSI surpassing 76 were significant, as you can see in the chart!
Taking into account the Fibonacci retracement tool, my anticipated price target is $0.00000243, corresponding to the 0.618 level
ETH Ethereum medium term Price TargetIf you haven`t bought ETH before the rally:
Then in alignment with the analysis derived from the Elliott Waves chart pattern, Ethereum is signaling a potential retracement, with one of the legs down anticipated around $2,700.
This correction is depicted in the chart pattern, suggesting a short-term bearish sentiment. However, in the broader market context, there's a noteworthy surge in optimistic calls for tech companies leading up to June 21 OPEX.
This surge might coincide with potential positive market catalysts, such as the prospect of an interest rate cut.
If Ethereum mirrors the trajectory of traditional market movements, there could be a renewed positive sentiment. In light of these factors, I speculate that Ethereum has the potential to experience an upside, reaching around $3,350 by mid-2024.
GTAI The Rise of the AI Cryptocurrencies !If you haven`t bought AGIX before the explosion:
Then I might have found another gem for you!
There is a recently launched cryptocurrency called GT Protocol, ticker GTAI, with a small market capitalization of $31 million and a circulating supply. It is a Web3 AI execution technology that provides access to CeFi, DeFi, and NFT crypto markets through an all-in-one conversational AI interface.
Although investing in a new coin related to AI could ride the wave of speculative investments, it is also risky to buy a newly launched cryptocurrency!
ADA Cardano Price TargetIf you haven`t bought ADA at the beginning of the altcoin season:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for ADA Cardano is the next resistance, $0.62.
DOT Polkadot Price TargetIf you haven`t bough the Double Bottom on DOT:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for DOT Polkadot is the next resistance, $7.90.
O Realty Income Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of O Realty Income Corporation prior to the earnings report this week,
I would consider purchasing the 50usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $2.53.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ETH Ethereum Potential Rally Soon!Remember when I told you the crypto market, especially Bitcoin, is an index on steroids?
Well, I think the Ethereum sell-off has come to an end, after reaching its price target:
And I expect Ethereum to follow the major indices that are now at all time high!
Potential Double Top soon, in my opinion!
LINK Chainlink Aiming for a Triple TOPIf you haven't bought LINK's Perfect dip mentioned in the last article here (52 week low!):
Then you need to know that with the stock market at an all-time high, I anticipate crypto assets to follow suit.
In this scenario, considering Chainlink`s chart as well, I think that we are heading for a triple top formation, with a price target of $17.60, before a correction.
VOD Vodafone Group at 2010 Price Level | Potential Breakout SoonLast week, Microsoft (MSFT) initiated a 10-year strategic partnership with Vodafone (VOD) aimed at leveraging their respective strengths to create new digital and financial services tailored for businesses, particularly small and medium-sized enterprises (SMEs) across Europe and Africa.
The collaboration involves the utilization of Microsoft's generative artificial intelligence (AI) to enhance Vodafone's customer experience, with the goal of delivering a more personalized and differentiated service through various channels.
The partnership seeks to expand and improve Vodafone's managed Internet of Things (IoT) connectivity platform, aiming to scale up the telecommunication company's IoT platform by connecting more devices, vehicles, and machines.
In recent news concerning VOD, Deputy Prime Minister Oliver Dowden intervened following the involvement of e&, the UAE’s state-controlled telecoms provider (Etisalat), which became Vodafone’s largest shareholder last year by acquiring a 14.6% stake.
As part of Etisalat's arrangement with Vodafone, CEO Hatem Dowidar was granted a seat on the board, with the option to nominate a second non-executive director if the stake increases beyond 20%. This suggests the possibility of Etisalat increasing its ownership in VOD from 14.6% to 20%.
In summary, it appears that Etisalat is inclined to boost its ownership in VOD from 14.6% to 20%.
As a result, my price target for VOD is $15.
AA Alcoa Corporation Options Ahead of EarningsIf you haven`t bought AA before the previous earnings:
Then analyzing the options chain and the chart patterns of AA Alcoa Corporation prior to the earnings report this week,
I would consider purchasing the 30usd strike price at the money Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.13.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
OCEAN Protocol Price TargetIf you haven't bought OCEAN's dip mentioned in the last article here:
Then you need to know that with the stock market at an all-time high, I anticipate crypto assets to follow suit.
In this scenario, my price target for OCEAN is the next resistance, $0.54.
GRT The Graph Price TargetBinance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is GRT The Graph.
I've set a short-term price target for CGRT The Graph at $0.11.
Looking forward to read your opinion about it!
UBER Technologies Options Ahead of EarningsIf you haven`t sold UBER here:
or bought the dip here:
Then analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $1.84.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t sold DIS before the previous earnings:
Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ETH Ethereum ETF filed by BlackRockIf you haven`t bought the dip on ETH:
Then you need to know that asset management giant BlackRock last Thursday officially filed for a spot ethereum exchange-traded fund (ETF), doubling down on its cryptocurrency bets amid investor optimism about the approval of such investment vehicles!
I`m targeting $2350.
Looking forward to read your opinion about it!
DLO DLocal Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DLO DLocal Limited prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $1.42.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AVAX Avalanche Buy AreaLooking at the chart, in my opinion, the buy area for AVAX between $7.20 and $10.40 presents a great potential entry opportunity for long term investors.
This range provides a relatively wide margin for investors to consider entering a position in AVAX.
AVAX, the native token of the Avalanche blockchain platform, has shown promising growth and adoption in recent times.
The lower end of the buy area, around $7.20, could be seen as a more attractive entry point for those seeking a potentially lower risk position. On the other hand, the upper end of the range, around $10.40, may offer a higher potential reward for investors willing to take on more risk.
Looking forward to read your opinion about it!
NVAX Novavax Options Ahead of EarningsIf you haven`t bought NVAX during the Covid Pandemic:
Then analyzing the options chain and the chart patterns of NVAX Novavax prior to the earnings report this week,
I would consider purchasing the 7.50usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.