Diamonds and Dogs
Apple (AAPL) keeps the averages afloat. Apple is up 3% on news from Asia that the company intends to increase iPhone assemblies by 30% in the first half of 2021 with an aim to produce up to 230 million units in 2021.
Pullback in the recent IPOs. DoorDash (DASH) is down 2% today and down 20% from last week's highs on a downgrade today. The analyst at DA Davidson said the stock's current valuation appears to leave little room for any performance hiccups in DASH's core biz over the next year. Recent IPO, Airbnb (ABNB) is down 2% and down over 20% in the last week as well.
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