Shares of Apple have surged significantly due to strong earnings and news of a $100 billion investment in the U.S., which analysts believe is aimed at mitigating tariff impacts. Apple's EPS of $1.57 surpassed estimates, contributing to the stock's rally alongside a broader market boost from positive economic data and potential interest rate cuts. Gold futures also soared after the announcement of U.S. tariffs on 1-kg gold bars, which experts warn could create settlement issues for major banks, reflecting volatility in commodities markets.
Shares of Apple are still exploding higher on earnings and tariff news. Just days ago, Apple's EPS of $1.57 beat estimates by 14 cents. Revenue of $94.04 billion, up 9.6% year over year, beat by $4.88 billion. According to analysts at Wedbush, Apple's $100 billion investment in the U.S. is a "good strategic poker move for Cook". According to Wells Fargo, Apple's $100 billion investment is all about tariff exemption.
Gold futures rocketed higher after a report that the U.S. would impose tariffs on imports of 1-kg gold bars. The tariffs on gold bars "will create a dislocation, or rather some issues in terms of settlement by big banks," and this was reflected in liquidity prices this morning, with prices jumping everywhere.
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