This article was last updated on April 16, 2022
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Apple is not expected to show any new hardware at WWDC (1 pm ET) – but the company has propensity to surprise – unveiling Lion, Mobile OS, iCloud? Bloomberg has focused in on Apple’s cloud computing aspirations. Apple’s Jobs Set to Unveil ICloud to Deflect Google Android http://bloom.bg/j3B7us. The stock is higher in premarket trading as investors look forward to a surprise. Steve Jobs is supposed to do the unveilings and everyone will be looking to see what condition he’s in. The options crowd has been piling in with bullish bets recently. Apple’s fate in the market today could add to any rally attempt that might take place after last week’s weakness IF Apple shares take off, or we could see Apple add to market woes if there isn’t enough juice out of WWDC.
Stock futures are flat this morning after overnight weakness in Asia (down about 1% average. Here’s a look at Friday’s performance, perhaps giving some clues on potential reversals, or giving clues on candidates for more downside, I find the stocks in the green on Friday to be important indicators of what is performing in this recent time of market inertia.
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