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Technology

Apple’s trade-war discount extended for another week

Photo of Steven M. Peters
By Steven M. Peters Updated Published

If you bet against Trump’s bluster last week and lost, you’ve got another chance this week.

From Apple 3.0: Options trader: Get Apple Stock at a Trade-War Discount

Considering that many of the suppliers to Apple are Chinese based, some of this [trade-war] fear is likely justified. If the recent tariff history is any guide, however, the bluster out of the Trump administration rarely matches the ultimate reality. I think the recent selling in AAPL stock is overdone. Apple is going to find its footing near current levels as it quickly approaches oversold conditions. — Delta Derivatives’ Tim Biggam via Yahoo Finance, June 20, 2018

My take: In the 30-day Apple price chart above, the step down on June 8 followed a Nikkei Asian Review iPhone supply-cut rumor (see Here we go again). Tariff and trade-war talk, as near as I can tell, did the rest.

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