Successful launch, the apple card issued by Goldman Sachs hit some snags in 2019. First, our top story. Tech continues to be the outperformer in 2019 with the nasdaq on track for its best year since 2013. The tech index is up 35 , just 3 shy of 2013s banner year. It is largely due to apple and the chipmakers. Joining us is abigail doolittle. I am showing on my terminal a chart about divergence, winners and losers. What is your take away from the divergence . Abigail the clear winners, apple and facebook. Apple up 85 , facebook up 55 . The others up closer to 20 or 30 . Still great gains. And the complex is overall higher. 2019 really the year of record highs. The complex overall, the last record high overall back in july but those two Companies Really pulling away with the lead, apple and facebook. Apple putting in record high after record high. And behind that buying power, you have to think it had something to do with 2018. Because between october and december 2018, apple fell about
Visiting his grandmother. But first on monday, its down to business. Trade tensions between china and the west are running high particularly over the effect that chinas production of Electric Vehicles has on the international market. Tesla, for example, is already struggling to compete with big chinese players such as byd. Later the European Commission president , ursula von der leyen, will take part in talks to resolve frictions over this particularly over chinese subsidies. The eu wants to fight the corner of european manufacturers hoping to sell their cars both to european consumers and globally. And, of course, theres irritation about chinas perceived toleration of russia since its full scale invasion of ukraine over two years ago. President macron will voice european concerns about that but those words theyre not likely to upend the current world order. Mr xi faces an uphill task in Unwinding Measures against china. Thats according to zsuzsa anna ferenczy, shes an Assistant Profes
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Singapore Telecommunications Limited (OTCMKTS:SGAPY – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 4,700 shares, an increase of 20.5% from the April 30th total of 3,900 shares. Based on an average daily volume of 47,900 shares, […]
Shares of Singapore Telecommunications Limited (OTCMKTS:SGAPY – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $17.83 and traded as high as $18.13. Singapore Telecommunications shares last traded at $18.07, with a volume of 19,853 shares. Singapore Telecommunications Stock Up […]