This Trader is Bullish Amazon, Apple and Google Ahead of Earnings

Jerremy Newsome, the CEO of RealLifeTrading.com, said he is bullish long-term on three tech giants: Amazon.com, Inc. AMZN, Apple Inc. AAPL, and Google Inc 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.com, Newsome sees strong support at $285 and recommends buying the stock against a stop there. When price tested that level this month, he notes, it bounced with good volume and is demonstrating 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 fiberoptic Internet in Kansas City.

Apple reports earnings today. Both Amazon and Google report earnings on Thursday. Newsome predicted that Apple would gap higher following earnings, while both 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.