NEWS
Market Has A Holiday Hangover

It was a tired day on Wall Street, with volumes low as many market participants catch up on rest before we head into a busy 2025. Although the major indexes offered little excitement, small-cap stocks were all the rage today with many familiar names experiencing consistent demand throughout the day. 👀

Today's issue covers analysts’ Apple optimism, the economy’s K-shaped recovery, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 6 of 11 sectors closed green, with consumer staples (+0.31%) leading and consumer discretionary (-0.37%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $PDYN, $VLN, $SES, $SPRC, $OMEX 📉 $UK, $WAFU, $IBKR, $MELI, $AKBA*

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COMPANY NEWS
Apple Approaches $4 Trillion Amid Optimism 🍏 

Consumer tech giant Apple remains in a league of its own, with its market cap at $3.91 trillion, nearly $500 billion above Nvidia which dons the second spot. 👑 

Wedbush analyst Dan Ives remains the biggest bull on Wall Street. He raised Apple’s price target to $325 and maintained an ‘Outperform’ rating. The average analyst price target is $248.14, ~4% below current levels.

Ives wrote, “We believe Apple is heading into a multiyear AI-driven iPhone upgrade cycle that is still being underestimated by the Street,” alluding to the December 11th release of the latest iPhone operating system (Cupertino 18.2). Ives believes the hundreds of applications still in development will create a multibillion-dollar annual revenue stream for Apple. 🤑 

While the fundamental continues to grab analysts’ attention, BTIG strategist Jonathan Krinsky noted that Apple’s recently had five straight weeks of a 2% or larger gain, which hasn’t happened since 2010. History suggests one-month forward returns “have been quite negative” after previous streaks.

Stocktwits users are currently also optimistic about Apple’s AI future, with 38% of those polled saying its innovation in the space drove its 2024 performance. That suggests a good portion of investors believe this will be a driver in 2025 as well. 🤖 

Time will tell what 2025 has in store. But for now, eyes are on the $4 trillion milestone, which requires a close at or above $264.63. With three trading days left, bulls are trying their best to get shares there to end the year on a high note. 🥳 

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