Tuesday, June 29, 2021

2 Ways to Play Apple as We Head Toward Earnings

 
June 29, 2021
 
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2 Ways to Play Apple as We Head Toward Earnings
I want to go over some thoughts on what's happening in big tech — particularly the venerable FAANG stocks — as we hit new record highs in the stock market last week.

There are a couple names among growth stocks that have pulled back and are left playing catch-up while the market surges ahead.
One name in particular I'm looking at is Apple.

Yes, the stock bounced a bit over the past few weeks, but it's not printing all-time highs like we're seeing in the Invesco QQQ Trust Series 1 (Nasdaq: QQQ), which tracks the Nasdaq 100.

To be blunt, Apple is stuck in the mud… which makes it ripe for a FAANG earnings play.

The way I see it, there are two likely scenarios when we head into the end of July to its earnings date…
Here's What I'm Seeing
 
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