Prominent pseudonymous trader Stoic emphasized the importance of recognizing and adapting to the fragmented rotations in the current bull market, with sectors such as artificial intelligence.
On Thursday, Apple Inc (NASDAQ: AAPL) issued its fiscal second quarter results and although they were slightly higher than Wall Street expected, Apple posted a revenue drop, including falling iPhone sales. But Apple’s biggest news were that the board authorized its largest ever share buyback.
On April 25th, despite surpassing Q1 earnings expectations, Meta's stock plunged 14%. Following the initial decline, Meta's stock has rebounded by more than 8%.