Apple (AAPL US)

18/05/2022 09:38

International Equities Portfolio

The MM International Equities Portfolio had a solid week up +1.99% with The Trade Desk (TTD US) adding +20.73% and Glencore (GLEN LN) up by +9.61%. The biggest drag was Apple (AAPL US) which lost -4.41% as the larger cap technology stocks joined the recent sell-off in growth.

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31/03/2022 09:13

Apple Inc (AAPL US)

Apple has continued to outperform most of its peers in 2022 and now sits within striking distance of Januarys all-time high, a test of $US200 wouldn’t surprise us if we see tech continue its recent bounce after being savaged by soaring bond yields over the last 6-months.

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30/03/2022 09:42

International Equities Portfolio

The Portfolio was flat during the week while cash sits at 8%. That included a -1.48% influence from the currency, the AUD rallying back up above US75c detracting from performance. The Trade Desk (TTD) US) +6.60% enjoyed funds circulating back into tech and so too did Apple (AAPL US) which put on +4.41%. Commodities pulled back with Glencore (GLEN LSE) down -6.24% to be the biggest drag.  

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03/03/2022 09:21

Apple Inc (AAPL US)

Market heavyweight Apple has already bounced 10% from last weeks low and technically we can see fresh all-time highs in the coming months, it would need such a move for MM to consider trimming our holding but in today’s market we shouldn’t forget MM’s mantra for 2022/3 – “buy weakness and sell strength with the emphasis on the later”.

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31/01/2022 09:20

Chart of the Week

Friday saw Apple Inc (AAPL US) rally 7% after they smashed analysts’ expectations by delivering record revenue and profits which helped to restore confidence in many pockets of the market that have been hit by supply chain constraints. Last week saw US tech illustrate exactly what MM is expecting through 2022:

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12/01/2022 09:32

Apple Inc (AAPL US) $US174.85

Similar to ALU in our Growth Portfolio this morning we have considered one of our top tech positions in the International Portfolio with a similar conclusion. Again we are looking to pare back our exposure to the lofty tech valuations in 2022 but quality / growth companies cannot be ignored in a market where the strong keep delivering and the weak...

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12/01/2022 09:31

International Equities Portfolio

The International Equities Portfolio is 2.27% higher than when we last penned this report with +1.79% of the gain occurring this week. Cash remains at ~4%.  A few of the recent ‘pain points’ in the portfolio rallied led by JD.com (JD US) +19.35% & Alibaba (BABA US) +10.37%,  offset to some degree by falls in Microsoft (MSFT US) and Apple (AAPL US)...

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21/12/2021 09:24

Apple (AAPL US) $US169.86

Apple is probably on many a child’s wish list for Christmas and this $US2.8trillion behemoth continues to move from strength to strength even as the business experiences supply chain issues. The company delivered a slight miss on revenue when it reported in November but the markets shrugged this off as a short-term anomaly which will be rectified...

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29/10/2021 09:22

Apple Inc (AAPL US)

Apple shares illustrate perfectly how growth stocks can become unnerved by rising bond yields but interestingly at this stage even though the moves in money markets have been dramatic stocks have basically ignored the shenanigans – as we often say don’t fight the tape, while growth stocks shrug off the likelihood of higher interest rates MM is relaxed...

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25/10/2021 09:04

Chart of the Week

We mentioned earlier our bullish outlook for the NASDAQ into Christmas with our initial target around 5% higher, one of the biggest contributors looks likely to be Apple (AAPL US) which remains in a healthy uptrend targeting $US160 over the coming months.

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