economy
Conflicting reports on the foldable iPhone show the value of our Apple mantra
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Wall Street declined Tuesday due to concerns over President Trump's deadline for Iran and potential strikes.
- Oil prices increased, with West Texas Intermediate crude reaching $115 per barrel.
- Apple shares initially fell on a report of potential foldable iPhone delays, but later recovered as the report was disputed.
- The 'own it, don't trade it' strategy for Apple is highlighted as a way to navigate conflicting news and achieve long-term gains.
- Upcoming corporate earnings reports include Levi Strauss and Delta Air Lines, along with economic data releases like the PCE Price Index and Q4 GDP.