What are the Best Stocks to Buy?
CYT Traders
May 19, 2021
What are the Best Stocks to Buy? Selecting stocks that outperform the market over both
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As those of you who frequently visit ChartYourTrade are aware, I am fairly active in social media. There’s a lot of great content out there and some very interesting content was shared today by @StockTwits on Twitter by @sobata416 on “How Apple’s Stock Reacts to New Product Announcements.” An image of the tweet is below…
I thought it would be extremely interesting to take a similar look at how Apple’s Stock React’s to Product Announcements but within the context of the market environment at the time.
Through the magic of MarketSmith’s back date feature, we can easily see exactly how the charts looked at the time the products were launched, what traders of the stock were facing at the time, as well as what sort of market environments they had to contend with as well.
Each chart below is a weekly chart (each price bar is a week’s worth of activity). The date of the product release is marked both on Apple’s chart as well as the chart of the Nasdaq. To stay in step with @sobata416’s post, each chart ends exactly 12 months from the product launch…with the exception of today’s iWatch release of course.
Interestingly each product was released while the Nasdaq was fairly weak…
It’s yet to be seen what happens to Apple’s stock or the market from here. However, the market environment so far is among the most favorable it has been during Apple’s numerous product launches.
Apple Releases the iMac 5/6/1998
Apple Releases the iPod 10/23/2001 
Apple Releases the iPhone 01/09/2007
Apple Releases the iPad 01/27/2010
Apple Releases the iWatch 09/09/2014
As always, nothing mentioned here should be considered as recommendations to buy, sell, or hold anything. The notes and analysis presented here are for educational and demonstrative purposes only. All charts are provided courtesy of MarketSmith.
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