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:
- Netflix (NFLX US) plunged over 40% after issuing weaker than expected forward guidance showing the market won’t tolerate high valuation growth stocks not maintaining their upside promise / momentum.
- Apple Inc delivered a fine result as quality operators continue to shine, the iPhone maker looks very capable of making fresh all-time highs this quarter.
MM is looking for AAPL to make fresh highs into 2022
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