Apple stock is down 3.39% after market hours and this is after beating expectations for both earning per shares and revenue. Let's go ahead and break this down: I Really hope that you learn something new and if you do, please consider dropping a thumbs up and subscribing to the YouTube channel if you feel like we earned it. also. I'd love to invite you to my live trading session tomorrow right at Market open and that's the second link in the description down below.

Let's go ahead and see Apple's performance as we can first see this is the earning report that we live streamed in today's video. Um, we saw the initial pullback, we saw slide signs of a recovery and then guess what? Just like we stated in that live stream, there's two part. Normally to these big Tech earnings, there's the earning reports which is the first reaction. and then there's the earnings call.

In my opinion, the earnings call is often most valuable right? because it tells you kind of a little bit more of a forecast of what's to come. This is where based off of what was said, caused Apple stock to retrace back even more I think at the peak it was down about nearly 2% Then it came back up to being only down about 1% Then Apple again gave back all of that and ended up hitting lows of 169 and consolidating and closing right around 171. This did affect the NASDAQ Market but not as much as you would think. uh, only being down 39% after gaining 1.82% on the day for Tqq, it lost 1.18% being The triple leverage ETF that it is.

But what was shared within Apple That caused the stock to sell off? Well, first, first, let's look at their earnings. What was the earnings per share? The forecast was $1.39 The actual reporting for the earnings per share was $146 Better than what was expected that's normally good. Revenue was 89.3 One billion Revenue came in barely at 89.5 billion. Yeah, barely right.

Overall, it did exceed expectation. So what caused Apple stock to sell off if both EPs and revenue were exceeded? Very simple. It's what was shared in the actual earning report. Apple is not growing right and this is the fourth consecutive quarter that we saw where we actually saw a no signs of growth, right? So Apple stocks slip.

um, or shares slip around 3.5% in extended hours trading after Technology Giant reported even after through Apple's fourth fiscal quarter results beat expectation for sales and earnings per share. Investors were dismayed that the overall company's Sals fell for the fourth consecutive quarter in a row it may not be. Oh, and and it may not be a return to growth in the holiday quarters. The whole idea behind that is because of the shutdown and the Slowdown that's happening in China and obviously all the production and the manufacturing that is done for Apple is done overseas in China One Thing that they did know is that Apple does have I Do remember reading a little bit more about the actual Uh earnings report and what was shared in the actual guidance call.

Um, and it talks about the overall expectation. Uh, because of what's going on with the economy and potential slowdowns. Um, that you know Q4 for 20123 and even Q1 of 2024 might be a little bit slower than what was originally anticipated, which I think is being factored in to this overall sell-off and pullback that we're seeing after market hours. Nonetheless, right if we look at the 1 hour time frame, we did retrace back, but based off of where we started the week at and where we're at right now, Apple is still in the green.

It is not going according to what was expected. This is the biggest earnings that I've been waiting for right now that Google meta Tesla Microsoft and now uh, Amazon and Apple have now reported earnings. You know what's to come, right? One thing that I want to share with you is, well, what's going to come tomorrow because Apple was selling off pretty I mean what I've seen is it doesn't have to repeat itself. but we saw this with Google it sold off originally when it reported earnings just like Apple did today and then going into the following day, there is a second wave of selling pressure that follows.

I'm going to be kind of waiting to see if Apple hits maybe 5% in the red because you have to remember Apple Closed today in the green. this is just extended outwards right. the being down 3.3% right? it can open up in the green and then it makes no difference, right? But it's when the Market opens. I'm going to be very interested to see where Apple opens at and to see if that selling pressure is still present right at Market open And that's exactly what I'm going to be paying attention to with my Learn Plan Profit team during my live trading session with them and again.

I Would love to see you there for you to be able to have access, live in real time, to see my entries, to see my exits, to see my cut losses, my take profits for every trade that I take during that live stream, but most importantly for me to be able to share my thought process behind every trade that either leads to my success or if I see risk management and cutting losses to be necessary then so be it, right? I Would love to see you there! Second link in the description down below. It's a onetime payment lifetime access and you'll get to watch me trade live every single day. Really do appreciate you guys time. Hope that wear a thumbs up Hope and wish you guys an amazing Thursday I'll see you tomorrow at Market Open And like always, let's make sure that we end the year on our green note.

Take Care Team!.