Apple turns positive for 2024 after easing investors' concerns

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Apple turns positive for 2024 after easing investors' concerns
AppleQuarterly ReportMadison Mills
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Apple (AAPL) shares closed in positive territory yesterday for 2024. This came after its quarterly report in early May eased investor concerns about its...

) shares closed in positive territory yesterday for 2024. This came after its quarterly report in early May eased investor concerns about its growth and sales in China.Let's get to our vibe check on this Tuesday morning.If you remember the stock had previously been down as much as 14% this year at trough in 2024.

Reversing a lot of the downside risk that we have seen impacting this name, putting it below its $3 trillion market cap.Brad the question about demand from China really a sticking point for investors and as we continue to get little pieces of data out of China out of various manufacturers that show a little bit more of that demand that is helping buoy the stock that really needs some help.

Yeah, hopefully we'll get something bigger than the new ipad announcement that we got the last Apple event for a little bit more looking for some news. BofA says chip stocks won't peak until mid-2026, and that these 3 sub-industries will thrive until then

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