Stock watch

Mac Format - - APPLE WORLD -

Clem Cham­bers, CEO of ADVFN (LSE:AFN), the lead­ing stocks and shares web­site Ap­ple is, once more, at its all-time high. The fact it hasn’t had a rev­o­lu­tion­ary prod­uct for years doesn’t seem to mat­ter, since what th­ese prod­ucts bring to the busi­ness bull­dozes the bears with great top- and bot­tom-line fig­ures.

That mo­men­tum is a liv­ing trib­ute to the ge­nius of Jobs. But now, there’s some truth on the hori­zon. The Ap­ple wear­able needs to be good and the iPhone 6 needs to be strik­ing. That hope is hold­ing up Ap­ple’s stock price at the same time as gen­eral mar­ket con­di­tions are start­ing to pro­vide strong head­winds.

There’s been a five-year bull mar­ket in stocks, and this looks likely to take a time-out any­time now. For a be­liever in charts, Ap­ple could be at a peak called a ‘head and shoul­ders’. It’s wor­ri­some.

Yet all Ap­ple needs is some siz­zle in iPhone 6, some dazzle in its new wear­able, and its stock will be in good shape to pound the doubters again.

Let us hope for some new Ap­ple good­ies his au­tumn.

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