Bloomberg Market Wrap 11/12: Apple and Earnings Forecast Revisions

The video discusses the recent market performance of Apple, highlighting a significant drop in its stock price due to reduced holiday quarter outlook and weak supplier forecasts. Technical analysis suggests potential further declines. The tech sector, including ETFs like XLK and XLC, is experiencing weakness, with concerns over unsustainable profits, rising rates, and trade tensions. The S&P 500 earnings report shows a high EPS beat rate but declining revenue growth, with many companies lowering guidance, indicating a cautious outlook for future quarters.

What was the main reason for Apple's stock decline as discussed in the video?

• Increased competition from other tech companies

• Introduction of a new product line

• Positive earnings report

• Reduction in holiday quarter outlook

Which technical indicator was replaced by the 200-day moving average in the analysis of Apple's stock?

• 50-day moving average

• RSI

• 100-day moving average

• MACD

What is the primary concern of investors regarding the tech sector as mentioned in the video?

• High employee turnover

• Decreasing market share

• Unsustainable profit gains

• Lack of innovation

Which ETF experienced record outflows, as discussed in the video?

• SPY

• QQQ

• XLC

• XLK

What percentage of S&P 500 companies provided upward EPS guidance?

• 77%

• 13%

• 20%

• 50%