Apple’s WWDC occasion didn’t appear to excite traders very a lot, as they have been hoping for extra updates on the corporate’s AI efforts.
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Tuesday’s TLDR
Apple’s WWDC disappointment
ETH jumps increased
GME earnings in focus
What’s Occurring?
Apple’s WWDC occasion kicked off yesterday. I bear in mind 10 or 15 years in the past, this occasion was an enormous deal. For one thing not tied to jobs, the Fed, or earnings, Apple’s iPhone occasion (normally in September) and its WWDC occasion have been essential.
There was some hype main as much as Apple’s kickoff this yr, notably with its plans for AI — Apple Intelligence. Whereas the corporate unveiled some cool software program objects, traders have been left wanting extra on the AI entrance. Per Bloomberg:
“Apple Inc. unveiled probably the most sweeping software program redesign in its historical past, aiming to make the corporate’s machine lineup extra cohesive and helpful, even whereas doing little to improve its struggling synthetic intelligence platform.”
And per Morning Brew: “AI, who? Apple kicked off the convention by admitting Apple Intelligence wasn’t fairly as much as its excessive “high quality bar” whereas saying a brand new basis mannequin for builders.”
The inventory solely fell 1% in response to the information, however with its lackluster efficiency up to now this yr — it’s the second-worst performing Magazine 7 inventory in 2025 and over the previous yr, and the one one beneath its 50-day or 200-day shifting common — and with Apple caught within the crossfire of US-China tariff talks, traders have been hoping for one thing a bit extra thrilling.
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The Setup — ASML
ASML doesn’t appear to get a lot fanfare right here within the US, however discuss to any tech analyst based mostly in Europe and ASML is a key speaking level. The corporate builds the machines which might be used to make chips which might be used for, amongst others issues, AI functions.
Nevertheless, export restrictions, tariffs, and escalating geopolitical considerations have weighed on orders and investor sentiment. Currently although, the inventory has been clawing again from its latest decline, not too long ago climbing again above the 200-day shifting common.
Discover how ASML has regained its 200-day, nevertheless it’s additionally discovering assist alongside its rising 21-day shifting common — a shorter-term measure usually utilized by merchants on the lookout for uptrends and downtrends.
Extra notably although, is the $775 to $780 space.
This zone has been resistance all yr, with ASML unable to interrupt by this zone. If the inventory can clear this space, it might set off extra upside. That’s notably true with how nicely chip shares have been buying and selling these days, led by Nvidia, Broadcom, and Taiwan Semi.
Nevertheless, if resistance holds agency, promoting stress might ensue — particularly if the general market loses traction. On this state of affairs, let’s see if the $735 to $740 space acts as assist, which is the place the 21-day and 200-day shifting averages at present come into play. Beneath that and $720 will probably be in focus, which marks the latest lows.
Choices
One draw back to ASML is its share value. As a result of the inventory value is so excessive, the choices costs are extremely excessive, too. This will make it tough for traders to strategy these corporations with choices.
In that case, many merchants might choose to simply commerce just a few shares of the widespread inventory — and that’s high quality. Nevertheless, one various is spreads.
Name spreads and put spreads permit merchants to take choices trades with a a lot decrease premium than shopping for the calls outright. In these instances, the utmost threat is the premium paid.
Choices aren’t for everybody — particularly in these situations — however spreads make them extra accessible. For these seeking to study extra about choices, contemplate visiting the eToro Academy.
What Wall Road Is Watching
ETH
Yesterday we talked about Bitcoin gaining steam and now we’re seeing some follow-through in Ethereum at this time. Now hitting multi-month highs, bulls are questioning if ETH can garner extra momentum and push by the $3,000 degree. Take a look at ETH and the numerous crypto choices eToro not too long ago added to the platform on the crypto discovery web page.
SOFI
Shares of SoFi traded nicely final week, rising greater than 7%. Now although, the inventory is bumping into resistance round $14.50. Bulls are hoping for a breakout, figuring out its 2025 highs are above $18. Bears are hoping resistance holds, figuring out the inventory was not too long ago beneath $10. What do you suppose? Take a look at the chart for SoFi.
GME
GameStop will probably be in focus this afternoon with the corporate set to report earnings. Shares erupted increased in late Might, climbing 25% in a three-day span as the corporate acquired over 4,700 Bitcoin. The inventory has since retreated a bit, however traders will probably be watching this one intently because it stories.
Disclaimer:
Please be aware that resulting from market volatility, a number of the costs might have already been reached and situations performed out.
