23 June Watchlist ๐Ÿ‘€

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Today we are watching…

1. Appleย (#appl)

The WWDC 2020 keynote is when all cameras focus on Appleโ€™s Tim Cook, announcing the tech brandโ€™s latest projects. It took place digitally yesterday, and we now know weโ€™re in for iOS 14 that has a new home screen for iPhones, iPadOS 14, MacOS Big Sur, and watchOS 7. However, none of that grabbed investorsโ€™ attention like the announcement of in-house chip manufacturing. Steve Jobs formed the alliance with Intel 15 years ago, so this is the end of a long relationship. Itโ€™s not good for Intel, but Appleโ€™s cost structure just lowered and its promising fans faster performance. Appleโ€™s stock price gains surpassed market-wide gains yesterday. Intel? The news is still being digested.

2. Fastly (#fastly)

Catch up if you can! Fastly is the stock marketโ€™s fastest stock market gainer this week; up 60% over the past seven trading days. Itโ€™s a stay-at-home stock, of course, but itโ€™s business-to-business, not business-to-consumer. โ€œItโ€™s customers are a lot of the next bleeding-edge companies such as Spotify, Slack, and Shopify,โ€ says DA Davidson analyst, Rishi Jaluria. It delivers cloud technology helping internet users retrieve digital content quickly, and the fundamentals are all there. With the stock going to the moon, weโ€™re likely to see markets take a breather soon, but itโ€™s one weโ€™ll deep dive into soon!

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