The instant reaction to the Mac release makes me think people were looking for an excuse to bail out. There was obviously some profit taking, coupled with stop-loss triggers cascade.
Now the spotlight is on their profit growth over the next 2 years, which looks healthy, so we see people buying the dip. Next week is the big week.
Over the coming years, focus on how listed companies either help or hinder climate change will be placed under the spotlight by investors, proxy advisors and, in some cases, the media. As witnessed in Grok, institutional activism could be the new method in which stakeholders pressure businesses to reflect internally on their ESG and make noticeable changes that reflect the shareholders’ goals, morals, and margins.
AGL Price at posting:
$11.55 Sentiment: Buy Disclosure: Held
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