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Mar 5th Stock Market Update - Apple drags down tech as research suggest 24% less sales in China

Mar 5th Stock Market Update - Apple drags down tech as research suggest 24% less sales in China

$DIS $PAY

Mukund Mohan
March 05, 2024

Market

“The bad news for Apple continued as Counterpoint research suggested a 24% sales plunge in China” 🤯 🥵

Strong down day, but good recovery by the NASDAQ towards close

It was a strong down day on all indices, driven by mostly red candles across the board, save Nvidia and WMT (many others of course). The market is still resilient, right now. After hours, CrowdStrike rose 24% on a strong 2024 forecast.

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Technology stocks led the way down after showing leadership to the top

Insights from the portfolio

I traded Pinterest for a while but in Ad Tech right now I prefer to be with Meta and Applovin. Google is starting to look very inexpensive on a P/E basis. Regardless of their fiasco with AI.

$PINS Pinterest Inc Deep Dive and 2024 Outlook

Is growth coming back to Ads after 2 years of flat revenue?

stocksmarts.substack.com/p/pins-pinterest-inc-deep-dive-and