As Apple goes, so goes the nation? That old saw used to apply to General Motors when companies that made actual things mattered. No longer, though. We are well into the Information Age, where the biggest companies sell mostly services so poorly understood that the potential returns can by hyped almost to infinity. The hype has been hugely effective, attracting so many investors that the men behind the companies have become wealthier than Warren Buffett practically overnight.
It has also propelled the value of Apple shares skyward even though the company has not been an innovator since Steve Jobs died 15 years ago. Ironically, the stock has benefited from Apple’s failure to seize the AI moment. They are effectively renting iPhone’s AI capabilities from a competitor, Google, and investors obviously love the story. But can it propel the stock indefinitely? There are reasons for skepticism, and I discuss them in my latest interview with This Week in Money‘s Jim Goddard. It begins at the 12-minute market and is 27 minutes long.
I’ve also substituted AAPL for MSFT in the list of trading ‘touts’ below. I am confident that closely focusing on its chart can tell us when the bull market has breathed its last. But not quite yet. Check out the interview for a precise target for AAPL, and for my other bellwether, MSFT.
Calling All Traders!
Instead of the essays that used to appear in this space, I now devote the time and effort to making the Rick’s Picks Trading Room an unbeatable source of timely, profitable ideas for novices and professionals. I also share my interviews concerning the stock market and the economy, as noted above.
The analytical “touts” listed below, overhauled each Sunday and updated 24/7 during the week, will continue as always, as will their barbed emphasis on the striking similarities between Wall Street and a carnival midway. The absurd accuracy of our trend calls and price targets is well known and a matter of daily record, but it must be observed up-close and leveraged with actual trades to be believed. You can get in on the action by clicking here for a free 30-day trial, no credit card necessary. It will give you instant access to one of the best chat rooms in the trading world and all the other amenities of the site.