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| The Wealth Advisor Club is skeptical that Apple Inc.’s Stock can RiseDespite better than expected earnings Apple’s shares slumped as sentiment remain negative.
Apple Inc.’s share price slumped on the open after rising nearly 6% in the pre-market session. A recent article published in Wealth Advisor Club suggests that negative sentiment toward Apple’s share price will make it difficult to overcome negative sentiment despite better than expected top and bottom line numbers. According to the article, Apple release better than expected earnings show profits of 10.09 per share compared to 10.00 per share expected by analysts. The company earned 9.55 billion, but the results were down from $11.62 billion, or $12.30 a share, a year earlier. Apple said that the company sold 37.4 million iPhones in the quarter, up from 35.1 million a year ago. The article states that the share price remains in a downtrend with negative momentum continuing to create headwinds for the stock price. The Wealth Advisor Club provides information regarding various sectors in the market they believe are key indicators to market volatility. For more information visit: http://thewealthadvisorsclub.com/? End
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