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Apple Avoids Disaster With Strong Earnings. But Is it Enough?

by | Apr 29, 2022 | Uncategorized

With all of the headwinds facing the market and earnings events sending volatility sky high, it’s been a tough tape to trade in an already unfriendly market.

Even with the gamma squeeze we saw Thursday only pushed markets back to where we closed Friday after last week’s sell-off…

So unless you had perfect timing, that run higher was all just a big tease.

The New Money Crew strategies were knocked around hard early in the week, but still found a way to claw out some earnings gains!

Through all of the recent market turmoil, our Weekly Trade Alliance strategy has put together a streak of fantastic bonus options that keep turning in scorching performances.

Since the start of the program on March 14, these six weekly bonus trades have averaged a peak return of more than 135.25%*…

That number includes our most recent target on the weekly Energy Select Sector SPDR Fund (NYSEArca: XLE) $71 strike calls, which jumped 222%** between Monday and Thursday!

And now with some of the market’s biggest unknowns behind us, institutional order flow should start to pick up again…

Which means we’re going to need some new names for our New Money Crew Weekend Watchlist!

Can Apple Earnings Save the Market? 

We saw the VIX Volatility Index break above 30 — 20 is average moves of 1% up or down each day — for the fourth time this year as the shadow of a crashing Netflix Inc. (Nasdaq: NFLX) loomed over the mega caps reporting this week.  

That added volatility meant a lot of the moves we’ve seen this week have been inside the market maker’s expectations — which includes Apple Inc. (Nasdaq: AAPL).

While beating earnings and revenue and announcing a $90 billion stock buyback program helped save the market from total disaster, it wasn’t enough to push the stock above the $171 mark it needed to really move its options…

And in fact, everything is down again Friday, and down BIG. That’s just how tough trading is in this market — and why I spend a lot of time explaining the market maker’s expected moves and what a volatility crush is.

Hopefully, with these big reports behind us, volatility can start to ramp down again where we start seeing more outsized moves…

New Money Crew Weekend Watchlist: April 29

Which brings us to a pair of new names to add to our latest New Money Crew Weekend Watchlist!

First on the radar, we have beaten-down health and fitness tech name Peloton Interactive Inc. (Nasdaq: PTON).

The stock is a shadow of its former self since peaking above $170 a share in January 2021, losing nearly 90% of its value since that time.

At its last earnings event, the company embarked on a bold turnaround plan — kicking CEO John Foley to the curb while taking measures to cut costs and adjust prices for its equipment and subscription fees.

May 10 will be the first earnings since starting down this path, and the Blitz Tracker spotted repeat bullish buying in the once-mighty growth stock.

And closing out the Weekend Watchlist, New Money Crew turns its sights to another beaten-down tech name, PayPal Holdings Inc. (Nasdaq: PYPL)…

Shares saw a nice pop over 12.5% on Thursday after reporting — even after lowering previous forward guidance.

We’ll keep a close eye on the stock to see if it can build on that momentum and catch up with other payment names.Until then, have a great weekend!

P.S. No one wants to work Saturday and Sunday, we get it… 

Traders from Wall Street to home offices grind it out Monday through Friday, just waiting for the weekend.

But here’s the secret…

They’re neglecting the fact that great trades may be up for grabs.

And New Money Crew Head Trader Lance Ippolito discovered a rinse-and-repeat plan that anyone with a cell phone and a brokerage account can take advantage of, even on a weekly basis.

Don’t waste the weekend! 

Learn More Here 

*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk.

**Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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