Tech stocks earnings have been strong so far this year with Apple’s earnings due out after the close on Thursday. The so-called FAANG+ stocks have been able to offset some of the banking fears and have supported sentiment as Meta, Amazon, and Netflix have all seen on the whole decent earnings. Apple is the next tech giant to report, so let’s take a look at the seasonals for Apple.
There really is a clear seasonal pattern that could possibly favour deep buying on any earnings disappointment. Over the last 25 years, Apple tends to see falls into the end of June from early Mary. However, that bias reverses from the end of June through to the end of August.
Major Trade Risks: The major risk here is to do with the future path of US rates and whether or not the US avoids an economic hard landing, as well as the specific details for Apple stock.
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