I would think if it beats it would go up by $20 to $30 points but if it misses and guidance is soft as usual it will get hammered by over $100 points down. What do you guys think?
Earnings dont mean as much as guidance........they could beat and still get throttled if there is no growth and margins forecast to drop, etc............COOKIE better have some answers or they coould beat and still drop another $50!......I think they earnings will be fine.....its all about the guidance, innovation and margins!
I think we will be back to 550-600 on Tues or Wed once these weekly options expire. That being said....
If we miss, we retreat back to 500-level.
If we beat, but with weak guidance, it stays flat.
If we beat, with upbeat guidance and/or CM news, we continue up to 650-700 (back on track to where we were in Sept)
I bought more this morning on the weak open, and advised my clients to buy more today before it goes up next week.
Sentiment: Strong Buy
If it beats, it would gain back to $550 and then some............earnings miss is already priced in. Long term growth is a certainty.............only a small percentage of people have apple products currently...........in five years company will be double the size