Today, I want to go over some thoughts on what's happening in big tech — particularly the venerable FAANG stocks — as we hit new record highs in the stock market.
There are a couple names among growth stocks that have pulled back and are left playing catch-up while the market surges ahead.
One name in particular I'm looking at is Apple Inc. (Nasdaq: AAPL).
Yes, the stock bounced a bit over the past few weeks, but it's not printing all-time highs like we're seeing in the QQQ, which tracks the Nasdaq 100.
To be blunt, Apple is stuck in the mud... Which makes it ripe for a FAANG earnings play.
The way I see it, there are two likely scenarios when we head into the end of July to its earnings date...
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