3. Apple (AAPL) really needs no introduction. The company beat on nearly every metric but investors got worried when the company said it would no longer report unit sales of phones and tablets.
Then shares did a double dip the following day on news it was not increasing production for the iPhone XR. However, AAPL said in their conference call that this was previously known.
After a brief dip below $200, the stock has reclaimed that level and it looks ready to move higher and become a $1 trillion company again. (To do that it would need to trade above $213 per share)
For these 3 stocks and others, traders could use this momentary stock price displacement, caused by this reaction to earnings, to get long good companies on big dips. And consider using longer-dated call options, which can give you leverage and be an efficient use of capital.
About the Author:
This is a sample bio paragraph. More...