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Apple Stock end of 2024
Let’s look at Apple and see how its stock has been performing.
Oddsmakers have set the over/under on Apple stock at $223.50, with the over and under being priced at -120.
Since there isn’t an advantage based on the price, let’s examine how the stock has been performing lately.
Apple just announced the launch of its latest iPhone model this past week, so perhaps that could increase its stock price. It has had a minimal increase of less than 1% in the last week. The past month has only seen a 2% increase, so the price has ticked up slowly and steadily.
The iPhone 16 Pro and iPhone 16 Pro Max new colors:
– Black Titanium
– White Titanium
– Natural Titanium
– Desert TitaniumWhich one would you pick? pic.twitter.com/smJKUbmFe3
— Apple Hub (@theapplehub) September 9, 2024
In the last year, the highest share of Apple stock has risen to has been $223 a share, so this total does make a lot of sense by oddsmakers.
Perhaps the stock will increase in the following weeks due to the iPhones being shipped out and the holiday season approaching, but the oddsmakers’ number is so sharp.
I would not recommend it; I would fade Apple, as strange as that seems. It seems more likely that the stock will decrease and drop a few dollars per share than exceed that $223 figure.
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Amazon Stock end of 2024
The next tech stock we will examine is going to be Amazon.
Oddsmakers have priced this at $172.50 with identical odds on the over and under at -120. Like Apple, let’s examine how Amazon has performed in the past week and month.
Amazon stock has increased by over 5% in the past week and over 10% in the past month. It appears Amazon and Apple are heading in two different directions.
Amazon Web Services $AMZN announced today plans to invest $10.5 Billion over the next 5 years to build and operate data centers in the UK 🇬🇧 – CNBC pic.twitter.com/8zOHDTO2JU
— Evan (@StockMKTNewz) September 10, 2024
The $172.50 price feels too low and is honestly a mistake by the oddsmakers, as it’s currently trading at around $184. This one seems very clear; it is easy to imagine staying over the number by the end of the year.
I know that stock prices can go up and down, but I don’t believe Amazon will drop in price that it has exceeded in the past week. For it to decrease by $12 a share would be a huge surprise.
The over is the clear bet in this one.
Tesla Stock end of 2024
Finally, let’s discuss the divisive energy company Tesla.
Oddsmakers have set the stock price at $212.50 as the over/under total. The stock experienced a 15% surge in the previous month and is trading at slightly over $228 per share.
Deutsche Bank names Tesla $TSLA a top pick, says it’s in ‘a league of its own’ – CNBC
— Evan (@StockMKTNewz) September 10, 2024
Tesla’s stock is renowned for its high volatility, frequently rising when anticipated to fall and vice versa. Based on the available information, placing a bet on Tesla for over $212.50 at -120 odds seems to be the most promising option.
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