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Lee: This is the most hated V-shaped rally in years
AppleApple(US:AAPL) CNBC Televisionยท2025-07-02 11:09

Market Sentiment & Investment Strategy - Investors are skeptical about the rest of the year due to potential tariff changes and Fed meetings [2] - There's approximately $7 trillion of cash on the sideline [3] - The firm suggests buying small caps, financials, large and regional banks, industrials, max 7, Bitcoin, and washed-out stocks for the second half of the year [3] - The current market rally is considered the most hated V-shaped rally in recent years [2] Apple Analysis - Apple is potentially a washed-out stock with a possible 6-8% gain from its current position [4] - Technical analysis suggests a breakout from a short-term triangle formation, indicating a bullish setup [5] - A price objective derived from the triangle formation could lead to Apple reaching around $238, a potential 14-15% increase [6] - The firm believes patience will pay off for Apple, especially regarding AI development [7] - Apple's customers remain loyal, and the company is considered a "granny shot" in the firm's granny ETF [8]