Apple’s WWDC occasion didn’t appear to excite buyers very a lot, as they had been hoping for extra updates on the corporate’s AI efforts.
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Tuesday’s TLDR
Apple’s WWDC disappointment
ETH jumps larger
GME earnings in focus
What’s Taking place?
Apple’s WWDC occasion kicked off yesterday. I bear in mind 10 or 15 years in the past, this occasion was an enormous deal. For one thing not tied to jobs, the Fed, or earnings, Apple’s iPhone occasion (often in September) and its WWDC occasion had been necessary.
There was some hype main as much as Apple’s kickoff this yr, significantly with its plans for AI — Apple Intelligence. Whereas the corporate unveiled some cool software program gadgets, buyers had been left wanting extra on the AI entrance. Per Bloomberg:
“Apple Inc. unveiled essentially the most sweeping software program redesign in its historical past, aiming to make the corporate’s system lineup extra cohesive and helpful, even whereas doing little to improve its struggling synthetic intelligence platform.”
And per Morning Brew: “AI, who? Apple kicked off the convention by admitting Apple Intelligence wasn’t fairly as much as its excessive “high quality bar” whereas asserting a brand new basis mannequin for builders.”
The inventory solely fell 1% in response to the information, however with its lackluster efficiency up to now this yr — it’s the second-worst performing Magazine 7 inventory in 2025 and over the previous yr, and the one one under its 50-day or 200-day transferring common — and with Apple caught within the crossfire of US-China tariff talks, buyers had been hoping for one thing slightly extra thrilling.
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The Setup — ASML
ASML doesn’t appear to get a lot fanfare right here within the US, however discuss to any tech analyst based mostly in Europe and ASML is a key speaking level. The corporate builds the machines which are used to make chips which are used for, amongst others issues, AI purposes.
Nonetheless, export restrictions, tariffs, and escalating geopolitical issues have weighed on orders and investor sentiment. Recently although, the inventory has been clawing again from its latest decline, not too long ago climbing again above the 200-day transferring common.
Discover how ASML has regained its 200-day, but it surely’s additionally discovering help alongside its rising 21-day transferring common — a shorter-term measure typically utilized by merchants on the lookout for uptrends and downtrends.
Extra notably although, is the $775 to $780 space.
This zone has been resistance all yr, with ASML unable to interrupt by means of this zone. If the inventory can clear this space, it may set off extra upside. That’s significantly true with how effectively chip shares have been buying and selling currently, led by Nvidia, Broadcom, and Taiwan Semi.
Nonetheless, if resistance holds agency, promoting strain may ensue — particularly if the general market loses traction. On this situation, let’s see if the $735 to $740 space acts as help, which is the place the 21-day and 200-day transferring averages at present come into play. Beneath that and $720 can be in focus, which marks the latest lows.
Choices
One draw back to ASML is its share value. As a result of the inventory value is so excessive, the choices costs are extremely excessive, too. This could make it tough for buyers to method these firms with choices.
In that case, many merchants might decide to simply commerce a couple of shares of the frequent inventory — and that’s wonderful. Nonetheless, one different is spreads.
Name spreads and put spreads permit merchants to take choices trades with a a lot decrease premium than shopping for the calls outright. In these instances, the utmost danger is the premium paid.
Choices aren’t for everybody — particularly in these eventualities — however spreads make them extra accessible. For these seeking to study extra about choices, think about visiting the eToro Academy.
What Wall Avenue Is Watching
ETH
Yesterday we talked about Bitcoin gaining steam and now we’re seeing some follow-through in Ethereum at the moment. Now hitting multi-month highs, bulls are questioning if ETH can garner extra momentum and push by means of the $3,000 stage. Take a look at ETH and the various crypto choices eToro not too long ago added to the platform on the crypto discovery web page.
SOFI
Shares of SoFi traded effectively final week, rising greater than 7%. Now although, the inventory is bumping into resistance round $14.50. Bulls are hoping for a breakout, realizing its 2025 highs are above $18. Bears are hoping resistance holds, realizing the inventory was not too long ago under $10. What do you assume? Take a look at the chart for SoFi.
GME
GameStop can be in focus this afternoon with the corporate set to report earnings. Shares erupted larger in late Could, climbing 25% in a three-day span as the corporate acquired over 4,700 Bitcoin. The inventory has since retreated a bit, however buyers can be watching this one carefully because it experiences.
Disclaimer:
Please be aware that as a result of market volatility, a few of the costs might have already been reached and eventualities performed out.
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