Hot Pick: AAPL

Like other big stocks, Apple (AAPL) dipped on Friday, an unexpected fall but experts are attributing it to the new COVID-19 variant

Josh Arnold from Seeking Alpha says the good news is that selling created some great entry points on leading stocks like AAPL.

Updating his views on technology mothership Apple (AAPL), he says, “I believe just hit very strong support, and is now ready for a run to a new all-time high.”

Apple is seeing a lot of buying. The company stock made a new all-time high earlier this month on very heavy volume, which is a bullish trait.

“It means buyers were out in force while the share price was rising, indicating a lot of market participation with the new high,” says Seeking Alpha.

Experts are saying do not worry about talks saying Apple will face a backlash with supply chain disruptions. This is because while all companies like Apple depends on the supply chain to work fully, it is not within their control to assure that.

Nevertheless, Apple is not allowing the talks of supply chain disruptions to disturb its plans, as COVID-19 did.

The chart above shows how Apple gained in market share and how its stock is rapidly rising during the holiday season!

Read the full story: Seeking Alpha