Apple APPL earnings were the highlight of yesterday’s after hour trading. Namely AAPL earnings beat Wall Street expectations but the stock took a $20 nose-dive in after-hours trading. How does this happen right?
Here’s what I said yesterday about Apple’s earnings history:
I guess the ONLY bad thing you could say about AAPL stock right now is that “great earnings” could already be priced into the current stock price and anything less would cause and pull back since investors are expecting so much from AAPL.
And now for the painful chart of trading for AAPL:
This also happened to Google GOOG this past year as well. The stock rallied hard into earnings and sold off after expectations seems to be too high.
Leave A Reply (Be The First )
The comments are closed.
No comments yet