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Apple stock ‘could be the canary in the coal mine’ for China reopening: Strategist
Buyers curious about the up coming move in the broader market place would be wise to fork out further interest to shares of multinational tech big Apple (AAPL). “A single of the factors that has been serving to sentiment, particularly in industrial stocks and matters like that, is the plan that China is heading to be reopening,” Interactive Brokers main strategist Steve Sosnick mentioned on Yahoo Finance Are living (movie previously mentioned). “If there is one more wave of lockdowns in China, that genuinely upends that tale. It upends international development opportunity. And so, indeed, Apple could be the canary in the coal mine.” Apple stock has received about 2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}…