Macro Takeaways from Apple Earnings

This is a unique moment in stock trading, says our Chief Equity Strategist and Economist, John Blank. One specific narrative --the ‘AI’ boom-- is driving the entire share buying narrative. Because of this John and I are going to discuss some macro takeaways from Apple's AAPL Q2 earnings. 

1. A large amount of the major stock index values are tied directly to top tech holdings. Why are we digging into Apple versus other Big Tech stocks? 

2. Earlier this year wasn’t Apple viewed as an anti AI play? 

3. So is it currently perceived as an AI winner? 

4. You say a key takeaway lies with Apples last reported earnings. What’s the story? 

5. You’ve written that segment dynamics, Apple’s balance sheet and capital allocation are other key takeaways. How so? 

6. What’s Apple’s outlook as a key player regarding computing infrastructure in the AI trade? 

7. How will all of this affect the consumer going forward? 

8. You’ve also written that a broad semiconductor price surge is very real. How does that tie into all of this? 

9. Next three fresh large cap stocks, Valero Energy VLO, Lumentum Holdings LITE and Monolithic Power Systems MPWR. 

Our Chief Equity Strategist & Economist, John Blank, on Apple and the AI trade. 

With John, I’m Terry Ruffolo.