RealLifeTrading CEO Is Bullish On Amazon, Apple And Google Ahead Of Earnings
Jerremy Newsome, CEO of RealLifeTrading.com, said he is bullish long-term on three tech giants: Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), and Google Inc (NASDAQ: GOOG). Newsome was recently on Benzinga’s #PreMarket Prep to discuss his predictions for earnings and where these companies could move into the future.
On Amazon, Newsome sees strong support at $285. When price tested at that level this month, he noted, it bounced with good volume and has demonstrated a constructive candlestick pattern, particularly if it breaks above a descending triangle.
Newsome seems to make a longer-term, less technical case for Apple and Google, citing Google’s plan to add fiber-optic Internet in Kansas City.
Apple reports earnings on Tuesday. Both Amazon and Google report earnings on Thursday. Newsome predicted that Apple would gap higher following earnings, while Amazon and Google would gap lower before finding support that ultimately send prices higher.
Check out the full interview below:
Don’t forget to tune in to Benzinga’s #PreMarket Prep broadcast Monday-Friday 8-9:45 a.m. ET for a live, interactive morning show with veteran traders and featured finance industry experts ready to answer your questions for the trading day.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.