POV: You’re Tim Apple

After getting dumped 29% earlier this year and forcing investors to start Googling “how to short a fruit,” Apple finally reminded everyone why it’s the one stock you never bet against… even during an apocalypse. The stock climbed 0.6% to about $263 a share (another record high) after Wells Fargo and Goldman Sachs hopped in their iRockets and launched their price targets into orbit… $290 and $279, respectively.

The reason doesn’t take a Harvard grad to figure out. The iPhone 17 is putting up world record numbers. Demand is off the charts in both the U.S. and China, and insiders say Apple’s supply chain is moving at “Black Friday on Adderall” speed.

Apple’s now this close to a $4 trillion market cap, joining Nvidia and Microsoft in the Trillionaire Boys Club… where the only initiation fee is owning 80% of global computing power.

The Dow happily surfed Apple’s halo effect, rising 0.6% to a record intraday high, while the S&P 500 squeezed out a polite 0.1% and the Nasdaq basically wandered into traffic (-0.16%). Some of that hesitation came courtesy of Trump, who decided to keep markets guessing with his usual brand of diplomatic improv. Hours after signing a rare earths deal with Australia (a subtle way of telling Beijing to kick rocks) he downplayed his big meeting with President Xi, saying, “Maybe it won’t happen.”

Speaking of Trump, General Motors (+15%) just had its best day in half a decade after discovering tariffs weren’t the financial asteroid they thought was heading straight for Detroit. The automaker hiked its full-year profit outlook to $13 billion after Trump slid across the table what looked like a tariff rebate coupon… complete with his signature in Sharpie and a McDonald’s coffee stain. GM now expects trade hits of around $3.5B-$4.5B, down from $5B.

Meanwhile, Bitcoin rocketed past $112,000 while gold fell 5%, proving once again that Grandpa’s favorite investment just can’t keep up with the kids and their magic internet money. Time to wheel Peter Schiff and all his gold bugs back to the home… visiting hours are over.

The government shutdown is now so old it’s eligible for Social Security, officially becoming the third-longest in U.S. history. Still, Fed Governor Christopher Waller is polishing up a speech ahead of Friday’s CPI report… assuming the Bureau of Labor Statistics hasn’t been locked out of its own building and replaced by ChatGPT. But have no fear, traders are still pricing in another 0.25% rate cut.

As for earnings, Netflix reports after the bell, and Tesla takes the mic tomorrow… and this one’s shaping up to be a circus. Elon Musk is still trying to convince shareholders that he deserves a trillion-dollar pay package, while those same shareholders are desperately looking for a reason (any reason) to pretend he doesn’t.

Last but not least, our Stock Prophet Watchlist has been cooking day… our BYND alert from yesterday hit 255% from our alert (most of that gain coming today)... and we had a base hit of 27% on VSEE and our best alert of the day came from NERV which jumped 104% from our alert at 8:05am. Needless to say, another successful day. See you tomorrow.

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

At the time of publishing this article, Stocks.News holds positions in Apple, Google, Microsoft, McDonald’s, and Netflix as mentioned in the article.