It's a major week for earnings with around 115 S&P companies due to report this week, among them some of the largest tech firms in the world and including the richest of them all in terms of market cap: Apple.
Serge Berger looks ahead to the announcement today and outlines his reasons for taking a strategic view. Apple is always an important stock to watch in wider market context, the firm occupies a major chunk of the NASDAQ 100, taking up 13.7% of the index. So the firm's resuklts have a knock-on effect on US stock indices, suppliers and retailers.
Serge suggests his tactics will be:
Drop to 92.00 USD
Buy
Target: around 100.00 USD
Close above 99.80
Strategic buy
Target 100.00 USD
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