Why Apple's $3,499 Headset Won't Slow Its Stock Down

Editor's note: After 40 years on Wall Street as a trader, stockbroker, analyst, and head of the options department for a major brokerage firm, our friend Marc Chaikin founded Chaikin Analytics to deliver proven stock analytics to investors and traders. For 50-plus years, Marc has developed computerized stock selection models and technical indicators that have […] Not rendering correctly? View this e-mail as a web page [here](. [Empire Financial Daily] Editor's note: After 40 years on Wall Street as a trader, stockbroker, analyst, and head of the options department for a major brokerage firm, our friend Marc Chaikin founded Chaikin Analytics to deliver proven stock analytics to investors and traders. For 50-plus years, Marc has developed computerized stock selection models and technical indicators that have become industry standards (including the Chaikin Money Flow) and pioneered the first real-time analytics workstation for portfolio managers and stock traders. (Right now, he's using that data to sound the alarms on [one popular stock to sell]( In today's essay, he explains why Apple's latest product release won't hinder its share price... --------------------------------------------------------------- Why Apple's $3,499 Headset Won't Slow Its Stock Down By Marc Chaikin --------------------------------------------------------------- [Whitney Tilson: Buy ONLY these five AI stocks RIGHT NOW]( Breakthrough innovations like ChatGPT are just the tip of the iceberg in the coming $87 trillion AI revolution. Startups are being funded at a crazy pace, and AI is 2023's hottest topic. But legendary investor Whitney Tilson urges caution. [In fact, he reveals the ONLY five AI stocks he thinks you should buy right now](. --------------------------------------------------------------- I've spent my career on the leading edge of technology... Wall Street demanded it, after all. You see, great technical systems often require great technology. And that's especially true if you plan to sell that analysis to Wall Street's titans like I did over the years. Still, technology moves very quickly these days... We're awash in talk of artificial intelligence. And tech giant Apple (AAPL) just released plans for a $3,499 "augmented reality" headset that looks like it's from a science-fiction movie. Now, we hadn't yet landed on the moon when I started my career in finance... I've joked about that point before. But it speaks to how far we've come with technology over the past five-plus decades. And it might surprise you to know that I have thoughts on Apple's newfangled gadget today. Well, at least through the lens of the Power Gauge, I do. You'll see that it's not really about the hot topic of Apple's headset itself. Rather, my take is about using the Power Gauge to assess a bigger trend going on in the market... Folks, when I see something like Apple's new augmented-reality headset dominating the news, I think, "That's neat." Then, I immediately turn to the Power Gauge. Two things jump out at me in this case... First, the Power Gauge turned "bullish" on Apple in early May. And more than a month later, it still holds that rating today. You can see what I mean in the bottom panel of this chart... In short, that means the Power Gauge expects Apple to keep rising in the coming months. But something bigger is going on in the broad market, too. This trend is the second thing that jumped out at me in the Power Gauge... You see, the Power Gauge also analyzes exchange-traded funds ("ETFs"). And to complete that analysis, the system dives into each of the individual stocks within the ETFs. Today, I want to draw your attention to two specific ETFs... - SPDR Portfolio S&P 500 Value Fund (SPYV) - SPDR Portfolio S&P 500 Growth Fund (SPYG) As their names imply, these two ETFs focus on different types of stocks. SPYV tracks value stocks. And SPYG is a key gauge for growth stocks. Folks, what I saw in the Power Gauge is simple but important... The market is tilting back toward growth. You can see clearly that growth stocks are outperforming value stocks once again. In fact, SPYG has roughly doubled the performance of SPYV since the start of this year... --------------------------------------------------------------- Recommended Link: [The fastest-growing trend in America?]( The online shopping trend grew 4 times in one decade and those who took advantage of it saw gains of as much as 3,048% on Amazon and 5,636% on Shopify. The next trend is bigger and is expected to grow 25 times. If a trend that grew 4 times could deliver peak gains of 3,048% and 5,636%... imagine how much a trend that grows 25 times can deliver. No wonder Jeff Bezos, the very person who spearheaded e-commerce, is now putting billions into this latest trend that's taking root in every state across America. [Get the full details here](. --------------------------------------------------------------- So where does that leave us with Apple? I don't know how the company's $3,499 headset will do in the market. The launch price seems steep. And it's still hard to say how many folks will embrace augmented reality. But Apple is a proven tech innovator. So when it brings something so attention-grabbing to the market, it's wise to pay attention. In the end, we can trust the Power Gauge as our guide... Our system sees opportunity ahead for Apple. It holds a "bullish" rating on the company right now. And the stock is outperforming the broad market – by a lot... Apple is up nearly 50% this year. And the S&P 500 Index is only up about 15%. We also know that the market is shifting back toward a growth mentality. Growth stocks are outperforming. And investors' appetite for risk and innovation is back on the upswing. So as you can see, we don't need to know all the ins and outs of Apple's latest gadget. With the Power Gauge's help, we can simply focus on what this means for us as investors... The market is looking for new growth opportunities. We don't want to sit on the sidelines. Regards, Marc Chaikin June 15, 2023 --------------------------------------------------------------- Editor's note: Last November, Marc predicted a bank run in 2023. Today, he's back with a new warning. "The next few months will be a disaster," he now says. But he's not predicting a market crash... a dollar crisis... or anything of the kind. Instead, he has a far more peculiar warning for the rest of 2023. [Click here to learn more](. --------------------------------------------------------------- If someone forwarded you this e-mail and you would like to be added to the Empire Financial Daily e-mail list to receive e-mails like this every weekday, simply [sign up here](. © 2023 Empire Financial Research. All rights reserved. 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