Apple (AAPL) – Get a report and Amazon (AMZN) – Get a report stocks had a strong week, dominated by the monetary policy chatter.
The Cupertino company ended Friday’s trading session above $ 130, up 2% in the past five days. The Seattle-based company, meanwhile, gained 4%, now trading at $ 3,487. The S&P 500 was down 2%.
Below, Apple Maven covers the main topics that impacted the two Big Tech stocks over the past five days.
Buy AAPL after Fed meeting
The setup couldn’t have been worse for the Apple stock. On the day the Federal Reserve released the minutes of its last meeting, bond yields soared and stocks fell on fears of rising rates and inflation. This was bad news, especially for growth stocks.
However, AAPL shares managed to end Wednesday up 0.4%, climbing even more the next day. Below is what Apple Maven thinks this means for AAPL and its investors.
Read more: Buy Apple Stock After Fed Meeting
Big Tech Antitrust
If the battle with Epic Games over competitive politics in the App Store was not enough, Apple is now facing another war on the antitrust front. Last Friday, a group of Democratic and Republican representatives in Congress introduced a bill to restrict the power of Big Tech.
In this regard, the Apple Maven addressed three important topics:
- What is this proposed new legislation?
- How could the Cupertino business be impacted?
- How could Apple stock suffer in the foreseeable future?
Read more: Antitrust Big Tech: Will Apple Stock Take a Hit?
What Jim Cramer Said About AAPL After WWDC
Jim Cramer seemed more enthusiastic about the WWDC than most of Wall Street. In fact, he pointed to a problem with the way some analysts interpreted the changes announced by Apple to its operating systems: the idea that incremental improvement is a bad thing. Jim said:
“When you add incremental, incremental, incremental, you get this: [the iPhone,] the best consumer product in the world! The lead expands and customer satisfaction is greater, and that’s what Tim Cook is. You can call it incremental – but I call it game, set, and match. “
Read more: What Jim Cramer Says About Apple Stock After WWDC
Amazon Stock and the HR crisis
The New York Times dropped a bomb on Amazon. The newspaper reported on the e-commerce giant’s questionable human resource practices, not the first time something like this has happened.
The Amazon Maven discussed the issue through the views of Jim Cramer of Mad Money. See link below.
Read the article from our partner Amazon Maven: Jim Cramer’s take on Amazon’s human resources crisis
The Apple Maven offered a Twitter poll earlier this month: If you were to buy a mega-cap tech stock on June 1 and sell it at the end of the month, which of the following would be your first choice?
Check out the final results below, compare actual performance to expectations from almost three weeks ago, and don’t forget to follow @AppleMaven on Twitter!
(Disclaimers: This is not investment advice. The author may be a purchaser of one or more of the stocks mentioned in this report. Additionally, the article may contain affiliate links. These partnerships do not ‘influence editorial content.)