🚀 Today's Big Ideas: Apple (+6.0%), Microsoft (+6.9%), Alphabet/Google (+10.8%)
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TODAY’s Big Ideas:
APPLE sets up for +6% rally in 1 month
MICROSOFT poised to seasonally rally by +6.9% during the next 90 days
ALPHABET poised to rally +10.8% rally in 3 months
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(1) Score 7.3 (out of 10): APPLE sets up for +6% rally in 1 month
What’s Going On Here?
Apple Can Hit $3 Trillion on Services Shift, Morgan Stanley Says. Business model and valuation change suggests shares at $200. Apple is still largely valued as a hardware company, MS says.
Why Now?
APPLE INC has triggered a new price range signal. During similar occasions, APPLE INC shares had a median return of +6%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for APPLE INC received a high score of 7.3 (out of 10). This insight was generated on 2022-July-21 with last price of 155.35.
What’s This Company About?
APPLE INC is in the Computers business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: AAPL US.
What’s My Risk / Reward and Time Horizon?
We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 164.72 (+6%) has been reached. Based on APPLE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 148.95 (last price at 155.35), which is equivalent to a -4.1% decline.
Returns during similar periods:
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(2) Score 9 (out of 10): MICROSOFT poised to seasonally rally by +6.9% during the next 90 days
What’s Going On Here?
Microsoft’s cost-saving investments made up for its weaker-than-expected quarter.
Why Now?
MICROSOFT CORP indicates an interesting 90 days seasonal set up. During similar occasions, MICROSOFT CORP shares had a median return of +6.9% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for MICROSOFT CORP received a high score of 9 (out of 10). This insight was generated with last price of 251.9.
What’s This Company About?
MICROSOFT CORP is in the Applications Software business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: MSFT US.
What’s My Risk / Reward and Time Horizon?
We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 269.35 (+6.9%) has been reached. Based on MICROSOFT CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 241.6 (last price at 251.9), which is equivalent to a -4.1% decline.
Returns during similar periods:
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(3) Score 7.8 (out of 10): ALPHABET poised to rally +10.8% rally in 3 months
What’s Going On Here?
Global internet search provider Alphabet GOOGL is set to report quarterly results Monday after the closing bell. Alphabet has surpassed earnings estimates in seven of the past eight quarters.
Why Now?
ALPHABET INC-CL C has reached a new shorter-term low. Previously, during similar occasions, ALPHABET INC-CL C shares had a median return of +10.8%, over the following 3 months based on 10 historical occasions with 7 of those showing positive returns (70% hit ratio). This buy signal for ALPHABET INC-CL C received a high score of 7.8 (out of 10). This insight was generated on 2022-July-22 with last price of 108.36.
What’s This Company About?
ALPHABET INC-CL C is in the Web Portals/ISP business. Ticker symbol: GOOGL US.
What’s My Risk / Reward and Time Horizon?
We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 120.03 (+10.8%) has been reached. Based on ALPHABET INC-CL C’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 102.26 (last price at 108.36), which is equivalent to a -5.6% decline.
Returns during similar periods:
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For more investment insights, please visit us at www.LongShortBets.com