Apple Stock Reaches Unprecedented levels, Thanks to Steady Sales Amid Pandemic Uncertainty.

Morgan Stanley Predicts S&P 500 Drop, But Some Stocks Could Withstand the Turmoil

According to Morgan Stanley, the S&P 500 is set to drop 9% by the end of the year. However, there are still some stocks that could weather the storm. The predicted drop is due to several factors such as the pandemic, sales uncertainty, and other market uncertainties that many experts don’t agree about. Even though the news may be scary for many investors, it is not all doom and gloom as some stocks have been performing well during these times of economic turmoil. Investors should, however, be cautious when picking stocks and seek professional advice.

Apple Inc. Shares Hit All-Time High

Apple’s shares have hit an all-time high as the company continues to grow. Shares gained 1.8% in early morning trading, hitting as high as $184.36, shattering its prior all-time high of $182.94 achieved last January. The tech giant shares have risen dramatically during the tenure of CEO Tim Cook, erasing its 27% slide last year and captaining tech’s broader rebound year-to-date.

The Reason for Apple’s Growth

Apple’s profit and sales estimates have increased significantly during the first quarter of this year. Thanks to the company’s services segment, Apple has had record revenue of $20.9 billion. Apple’s services segment includes revenue from App Store sales and other non-product revenue streams. The company’s market capitalization now sits at about $2.9 trillion, overtaking the next most-valuable public company on the planet, Microsoft. One of its most significant new product launches, the mixed reality headset, was unveiled during the Worldwide Developers Conference.

Investors Should Be Cautious

The news may seem very positive for many investors, but caution is needed when investing in stocks. The market uncertainty caused by the pandemic continues to impact the economy, leading to concerns about the stock market. Investors should, therefore, seek professional advice and be careful when investing in stocks. It is also important to remember that not all stocks perform well during economic turmoil, making it essential to diversify your portfolio by investing in different stocks, including those not in the tech sector.

The Final Verdict

Overall, investors should remain cautious while seeking advice from professionals before investing in stocks. Though the stock market predictions may be negative, a well-diversified portfolio can help withstand the economic turbulence. Investors should focus on companies that have strong revenue, good prospects, and potential for growth, even in times of economic turmoil.