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Apple Stock Aims for Longest Weekly Win Streak in Years

AAPL stock is pacing for a sixth straight weekly win

Managing Editor
Feb 15, 2019 at 9:50 AM
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The shares of Apple Inc. (NASDAQ:AAPL) are modestly higher in early trading, even after a Securities and Exchange Commission (SEC) filing revealed Warren Buffett's Berkshire Hathaway (BRK.A) trimmed its stake in the tech giant by 1.1% to 249.6 million shares in the fourth quarter, though none of the selling was at the hands of Buffett. Amid broad-market tailwinds, AAPL was last seen up 0.4% at $171.54.

On the charts, Apple stock has rebounded since its Jan. 3 22-month low of $142.00, though this rally has recently stalled out near $175 -- home to its Dec. 6 bear gap. Still, the shares are up 8.3% year-to-date, and are pacing toward their sixth straight weekly win, the longest such streak since early 2017.

Digging deeper, now may be a prime time for those looking to trade Apple's short-term trajectory to do so with options. AAPL's Schaeffer's Volatility Index (SVI) of 22% ranks in the 20th annual percentile, meaning short-term options are relatively cheap at the moment, from a volatility perspective.

Plus, the FAANG stock's Schaeffer's Volatility Scorecard (SVS) sits at a lofty 95 out of a possible 100. This indicates Apple has handily exceeded options traders' volatility expectations in the past year -- a key to maximizing the benefit of leverage.

 
 

AI has exploded ever since ChatGPT set the world on fire near the end of 2022.

Numerous companies with connections to artificial intelligence have seen their stocks soar.

That includes Nvidia, the poster boy of AI.

Its stock has skyrocketed 716% since ChatGPT’s debut. But here’s the thing …

While everyone’s still counting their money from this first AI boom … Nvidia and countless others have moved on to the next stage.

That includes Big Tech, which is currently making a series of peculiar investments in a few strange companies. This has nothing to do with tech. At least on the surface …

Yet, these strange investments could be the early ripples of a massive wave …Without them, ChatGPT could stop operating … Amazon, Google, Microsoft and more could see profits drop drastically.

In fact, Elon Musk says these investments are critical when it comes to solving the number one problem facing AI.

Now, Silicon Valley legend Michael Robinson has identified two companies that could play a significant role in the solution.

Their stocks just may be the key to AI 2.0.

Find out more about these two companies today.
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