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Apple's iPhones launch puts stock in play amid US-China 'high stakes tariff poker game'


Added 09-10-19 11:04:02am EST - “Apple's stock has typically responded in a positive way to new iPhones.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Apple's iPhones launch puts stock in play amid US-China 'high stakes tariff poker game'”. Below is an excerpt from the article.

Cyber Guy Kurt Knutsson discusses Apple's roll-out of new devices at the Cupertino event and Google's antitrust probe.

Apple is expected to announce three new iPhones Tuesday during an event in the Steve Jobs Theater in Cupertino, California.

iPhone launches have generally been a positive catalyst for Apple shares, which have gained nine out of 13 times in the 60 days following such an event.

“Apple stock has typically traded up into such launch events, pulled back slightly after the event, and then recovered 60 days post the event,” a team of New York-based Bank of America Merrill Lynch analysts said last week in a note to clients.

Tuesday’s event will be followed closely by Wall Street analysts, who will be tweaking their models once the details of the new products are revealed.

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