Apple’s WWDC occasion didn’t appear to excite buyers 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 larger
GME earnings in focus
What’s Taking place?
Apple’s WWDC occasion kicked off yesterday. I keep in mind 10 or 15 years in the past, this occasion was a giant deal. For one thing not tied to jobs, the Fed, or earnings, Apple’s iPhone occasion (often in September) and its WWDC occasion have been vital.
There was some hype main as much as Apple’s kickoff this yr, significantly with its plans for AI — Apple Intelligence. Whereas the corporate unveiled some cool software program gadgets, buyers have been left wanting extra on the AI entrance. Per Bloomberg:
“Apple Inc. unveiled essentially the most sweeping software program redesign in its historical past, aiming to make the corporate’s gadget 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 asserting a brand new basis mannequin for builders.”
The inventory solely fell 1% in response to the information, however with its lackluster efficiency to this point 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 transferring common — and with Apple caught within the crossfire of US-China tariff talks, buyers have been hoping for one thing a little 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 speak to any tech analyst primarily based in Europe and ASML is a key speaking level. The corporate builds the machines which can be used to make chips which can be used for, amongst others issues, AI functions.
Nevertheless, export restrictions, tariffs, and escalating geopolitical issues have weighed on orders and investor sentiment. Currently although, the inventory has been clawing again from its current decline, lately climbing again above the 200-day transferring common.
Discover how ASML has regained its 200-day, but it surely’s additionally discovering assist alongside its rising 21-day transferring common — a shorter-term measure typically utilized by merchants searching 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 via this zone. If the inventory can clear this space, it might set off extra upside. That’s significantly true with how properly chip shares have been buying and selling recently, led by Nvidia, Broadcom, and Taiwan Semi.
Nevertheless, if resistance holds agency, promoting strain 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 transferring averages at present come into play. Under that and $720 might be in focus, which marks the current 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 could make it troublesome for buyers to strategy these corporations with choices.
In that case, many merchants could decide to simply commerce a number of shares of the frequent inventory — and that’s nice. Nevertheless, one different 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 danger is the premium paid.
Choices aren’t for everybody — particularly in these eventualities — however spreads make them extra accessible. For these trying to study extra about choices, contemplate visiting the eToro Academy.
What Wall Avenue 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 via the $3,000 stage. Try ETH and the various crypto choices eToro lately added to the platform on the crypto discovery web page.
SOFI
Shares of SoFi traded properly final week, rising greater than 7%. Now although, the inventory is bumping into resistance round $14.50. Bulls are hoping for a breakout, understanding its 2025 highs are above $18. Bears are hoping resistance holds, understanding the inventory was lately beneath $10. What do you assume? Try the chart for SoFi.
GME
GameStop might be in focus this afternoon with the corporate set to report earnings. Shares erupted larger in late Could, climbing 25% in a three-day span as the corporate acquired over 4,700 Bitcoin. The inventory has since retreated a bit, however buyers might be watching this one intently because it reviews.
Disclaimer:
Please notice that on account of market volatility, a few of the costs could have already been reached and eventualities performed out.
