Exclusive: This Analyst Warned Against Shorting Apple Into Earnings

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Tim Anderson was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here.

Investment analyst Tim Anderson said that Apple Inc. AAPL typically does not see large post-earnings moves. Instead, it moves large on product announcements. However, even with the stock up 1.8 percent ahead of the announcement, Anderson cautioned investors that want to get short. "Nobody will sell them short until they stumble for a couple quarters," Anderson said.

Anderson believes this is due to the fact that other products "have taken a quarter or two to catch on," meaning that while investors will pay attention to thoughts on the Apple Watch, it may not be make-or-break yet.

Anderson said that he was not surprised that the stock "took a run" at its all-time highs ahead of earnings. The stock's all-time highest close was $133.01 with an intraday high of $133.60.

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Posted In: EarningsNewsExclusivesMoversTechAppleTim Anderson
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