Diamonds and Dogs
Apple (AAPL) lifting the major averages. Apple is up 2% to new highs on a Bloomberg report that the company has asked suppliers for 90 million iPhones this year, a 20% jump from the shipments in 2020. This will be the second generation of iPhones with 5G. JP Morgan upgraded the stock with a $175 target due to favorable data points.
Banks taking a hit. Bank of America (BAC) is down 4% while Blackrock (BLK) is down 3% following strong earnings. Investors seem to be in a profit-taking mood. Lower interest rates aren't helping.
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