Apple Reaches All-Time High As Market Anticipates Rate Cuts – She’s Got The Stocks – 14 December

Apple Reaches All-Time High As Market Anticipates Rate Cuts – She’s Got The Stocks – 14 December

It is the last WLT She’s Got The Stocks update of the year and we are ending on a good note!

Apple’s share price reached an all-time high this week as the market benefits from expectations of impeding federal reserve rate cuts.

Apple stock is now up nearly a whopping 58 per cent year-on-year as the tech giant solidifies its position as the world’s most valuable company.

The tech sector has experienced an uplift due to falling US Treasury yields and a resilient economy helped by the FED’s decision to keep interest rates steady.

Some investors are even anticipating cuts in the new year, further driving up tech stocks.

The ASX responded well, surging more than one per cent higher on the news. Some in the market are anticipating Australian rate cuts as early as June next year.

Meanwhile, unemployment in Australia was up 3.9 per cent in November despite 60,000 jobs being added.

The Women Leading Tech Index

Atlassian

Atlassian was one of the biggest gainers with week, increasing by 12.82 per cent. This comes ahead of the software company’s hotly anticipated earning release which is estimated to come out in the first few days of 2024.

Investors are anticipating that the company with report an EPS of $0.61, up more than 35 per cent when compared to last year.

Netflix

Netflix’s share price also saw significant gains this week, rising by as much as 7.44 per cent. This week the streamer made a massive move toward transparency with its first publicly released engagement report, What We Watched.

The data drop covers all titles on the platform that had at least 50,000 hours between January 1 and June 30 this year.

Netflix is on the continuum of “opening up” Netflix co-CEO Ted Sarandos said.

WiseTech Global

Aussie logistic company WiseTech Global was also on the up this week with a 6.44 per cent lift. This is largely considered to be a knock-on impact from the positive news from Wall Street.

Meta

Meta stocks were marginally down this week with a 1.41 per cent drop. This comes as Zuckerberg’s company announced that its messenger service will be encrypted by default. This means it will not have access to users’ messages.

NEXTDC

Share prices for Australian data centre operator NextDC were down by nearly 3 per cent this week. The company recently announced plans to kick off building its $80 million data centre in Darwin. It hopes building will be completed by mid-2024.

OpenCloseChange
Macquarie Telecom Limited (ASX: MAQ)$65.57$65.00-0.87%
REA Group (ASX: REA)$160.82$165.032.62%
Atlassian (NAS: TEAM) (USD)$190.70$215.1412.82%
Xero (ASX: XRO)$103.74$108.504.59%
Carsales.com (ASX: CAR)$28.64$29.061.47%
NEXTDC (ASX: NXT)$13.48$13.14-2.52%
WiseTech Global (ASX: WTC)$68.22$72.616.44%
Appen (ASX: APX)$0.60$0.600.00%
Airtasker (ASX: ART)$0.18$0.180.00%
Telstra (ASX: TLS)$3.85$3.84-0.26%
Adobe (NAS: ADBE) (USD)$595.70$624.264.79%
Salesforce (NYSE: CRM) (USD)$249.13$257.323.29%
Apple (NAS: AAPL) (USD)$192.32$197.962.93%
Alphabet (NAS: GOOGL) (USD)$130.02$132.571.96%
Meta (NAS: META) (USD)$338.99$334.22-1.41%
Microsoft (NAS: MSFT) (USD)$368.80$374.371.51%
Amazon (NAS: AMZN) (USD)$144.52$148.842.99%
Nvidia (NAS: NVDA) (USD)$455.03$480.885.68%
Netflix (NAS: NFLX) (USD)$446.73$479.987.44%

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