Apple Tanks and The NASDAQ Sinks

Hello traders everywhere! Adam Hewison here, President of and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 11th of September.

There is no question about it, most analysts did not like Apple's press conference yesterday and viewed it as a very disappointing event.

But what really happened? Apple (NASDAQ:AAPL) came out with some stellar upgrades such as moving to 64bit architecture and software updates in what I consider to be the best operating system on the planet for mobile. They also unveiled a fingerprint technology that reaches a whole new level of security and puts Apple way ahead of most companies. I think this type of technology could be a Trojan horse for Apple in the corporate world. It also opens up a whole new market for Apple where security is essential, for example, think of online banking transactions. If that was not enough, Apple is also giving away their iWork software to new iPhone buyers.

It just was not enough for the market that devours ideas and spits them out on a regular basis.

The reality is, every Apple (NASDAQ:AAPL) event cannot be a blockbuster, it is just impossible to keep that pace of innovation going on a regular basis. So with no knock-it-out-of-the-park product in hand and no deal with China mobile, the stock of Apple came under heavy pressure this morning and slid almost 6%. The question I am asking today is, "Is Apple a buy here?"

I will be looking into Apple stock today and giving you my viewpoint.

I will also be reporting on Facebook (NASDAQ:FB) and Tesla (NASDAQ:TSLA). These are two exciting, forward-looking companies that are leading the charge into the future. I will be looking at each of them using our Trade Triangle technology.

Lastly, all of our signals on the major indices moved in a positive mode in the last few days, indicating a resumption of the uptrend for stocks. I will be looking at these indices today.

Have a great trading day,
Adam Hewison
Co-Creator, MarketClub

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6 thoughts on “Apple Tanks and The NASDAQ Sinks

  1. >Martin
    The fingerprint data is housed securely in a part of the chip not accessible to any other hardware or software other than the scanning home button.

    As an apple user, and an iPhone 5 user, the 5S seems quite appealing as an upgrade. The 5C has a decent price entry point for those on contract and hopefully this will be appealing to Chinese buyers.

    1. Lisa,

      I too have been a long time Apple user and fan of Apple. I think the market concensus may have it wrong on Apple The new fingerprint technology is one reason why I think the market has missed the point. The Apple fingerprint technology is for security and also potentially for paying bills or buying apps and other secure financial transactions. I think it is a brilliant move for Apple.

      I currently have an iPhone for 4S and did not upgrade to the last 5 model, but I'm seriously thinking of going to upgrade to the 5S and Apples fingerprint technology. I like the look of the new iOS 7 operating system and the camera and the new 64 bit processor.

      I think the expectations of the market where way too high, Apple cannot knock it out of the park with every press release they have. But look at what they have created, the smart phone, music and the iPod. The whole tablet market and somewhere along the line they will come out with their AppleTV and and iWatch products. Both oth these products could well be game changers and category killers.

      All the best,
      Adam Hewison

  2. Latest Apple gizzmos is impressive but..........the capability of spying for NSA is immense therefore thak you very much.
    As for myself i can live without it.Further missuse by different companies and hackers is inevitable.Martin

    1. GM,

      When the text was written the NASDAQ was down much more in relationship to the other two indices which were making new highs for the day. That was the point, plus it got you to comment on our blog which is always a good thing.

      Thanks for your feedback and comment.

      All the best,
      Adam Hewison

Comments are closed.