Hide out in this tech play while Apple, chip stocks fall on coronavirus weakness: Trader

"I'd be watching my exposure to any of these chip names that have a lot of exposure to Apple," Cirrus, Skyworks and Qorvo being the top three, Tepper said.

Also on "Trading Nation," Bill Baruch, founder and president of Blue Line Capital and Blue Line Futures, gave a slightly more constructive outlook for Apple. "Be patient," he said, adding that Apple's stock hit his previous "upside target" of $324 not long ago, which represents a 200% retracement from its collapse at the end of 2018. A retracement occurs when a stock reverses a long-term trend and is often used by technical analysts to flag key levels when that stock's course could change.

Given that retracement, "there's definitely some resistance here we're struggling against regardless of the China news and regardless if there's new writedowns or new guidance to be moved lower," Baruch said. "Ultimately, looking at the Apple chart, there's a lot of support down here at [$]300," he said. "You've got a nice little trend line coming in just above $300. You've got the 50-day moving average trailing that. That's where you want to be looking to be a buyer in Apple.

TradingNation haha we all know Apple will double. The 4 largest stocks on the market are more than US GDP just 20 years ago. 4 Largest Stocks is worth about 20% of US GDP now. Tesla may go up enough just today to pay off the national debt

TradingNation Bs , buy the dip

TradingNation David Einhorn is short Nflx for 200 pts and short Tsla for 750 pts. How come CNBC can’t get him on tv ?

TradingNation More permabullshit from you charlatans

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Nasdaq turns positive, Apple off lows, Tesla jumps, utilities recordStock market live updates: The number of declining stocks at the NYSE now outpaces those rising. New Investing and Personal Finance Forum. We would love to have you join! Link in bio FinanceFreeway . com Who cares? Just keep buying FAANG stocks and you are good. Once they too collapse you can shift residence to some other country before USD becomes toilet paper! Nasdaq futures now positive on the day. Nice comeback.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market live updates: Stocks at lows, Apple leads slide, Tesla jumps, Utilities recordStock market live updates: The Dow just hit session lows, dropping as much as 260 points at its lowest point. 🚨🚨🚨🚨 Major global slowdown in economic activity predicted for Spring 2020. 🚨🚨🚨🚨 Stop Talking about bill gates and his corovirus virus and the the market will go up
Source: CNBC - 🏆 12. / 72 Read more »

Warren Buffett sold more than $800 million worth of Apple stock last quarter - Business InsiderThe iPhone maker's biggest investor sold almost 3.7 million shares, or about 1% of his total stake. That's great Is there perhaps a worm in the Apple which Warren Buffett spots? Means Apple is about to collapse 😂
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market live updates: Dow futures drop 140, all eyes on Apple, Berkshire boosts KrogerA discussion of all that's moving the market today including the coronavirus, Apple and more.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks fall as Apple warning raises China virus concernsU.S. stocks slipped in early trading Tuesday after technology giant Apple became the most well-known company to warn of a financial hit from the virus outbreak in China Maybe there's a lesson to be learned here about being over-reliant on China and trusting the CCP? 🤔
Source: ABC - 🏆 471. / 51 Read more »