Can we finally talk about the coming of the earnings season? Well, we can but only for some assets. And definitely nor for the currency market, that is already established. But stock market can become our savior in this situation. American stocks especially. After all, American stock market started to recover as soon as the trade talks between China and USA started and even though it is now said that it is too late for the talks to improve anything, we can see the effect that they have on American stocks – they are finally growing.
It is especially visible in the performance of Apple. And even despite the fact that historically speaking, September and October were the worst time to buy Apple stocks, these two months proved to be record for the company. We think that the growth of the stocks can be attributed to the new pricing policy of the company because, as we all know, in the past Apple pricing was the thing that let the company down – no one wanted to deal with Apple knowing, that their sales numbers were going to come short of the expectations. But as soon as the policy was corrected, we see that both buyers and investors have no problem staying with Apple and investing more than ever into the company – right now the per-share price is on the highest level ever - $243.56.
Will AAPL stock keep on supporting American stock market? Will is keep on bringing us the hope into the segment? Possibly. But we can be 100 percent sure, that our trading signals are going to so that.