Fast Money Blog- 12/24/20

The big story for this week was Apple share’s price rise.

On Monday, December 21st, the stock was trading at $123.85 and it ended the week above $131.

It seems as if Apple, Inc. has been working on producing an electric car, whose codename is “Titian”. Apple’s electric car would be powered by their own unique batter source that is said to rival Tesla’s battery. If Apple were to be a dominate player in the electric car battery race, the company would generate billions of additional dollars per quarter. Since Wall Street likes to get ahead of good news, major institutions purchased large amount of shares this week which caused the stock to rise dramatically.

More good news for Apple share holders!

We now know that Apple has perfected development of its new M1 chip, which is the first chip designed specifically for the Mac. Features of this new chip include the world’s fastest CPU core in low-power processors, the world’s best CPU performance per watt, and the world’s fastest integrated graphics in a personal computer. This is all the while enabling battery life up to 2x longer than previous-generation Macs.

What does this mean for you?

If Apple begins to see increased revenue from its electric car, battery and M1 chips over 6 months, the stock price will reach $250 per share by Dec. 2021.

Stay with the Wealthy Investor program over the next year as it appears there will be major developments in the tech sector which will help us generate substantial profits as stock market traders and investors.

During these challenging times, I ask that you do your best to stay open and stay positive.

There’s a lot to look forward to.

Tyrone Jackson

The Wealthy Investor