They say on Wall Street “a trend in motion tends to stay in motion.” What does that mean for the stocks you are trading and investing in?
The answer is simple: Publically traded companies that have strong and consistent top-line revenue growth in the short term, tend to have strong and consistent top-line revenue growth in the future.
There is no question that the major standout this week was Apple (AAPL), whose Q4 revenue was $52.6 billion vs. $50.7 billion expected. Their iPhone unit sales were 46.7 million vs. 46 million expected. This is huge. Moreover, Apple guided higher for Q1 revenue, because they expect extraordinary iPhone 8 sales in October through December. I expect that Apple shares will cross $200 within the next six months.
So far, the Q3 earnings season has been a winner for members of the Wealthy Investor program.
Stay open! Stay positive!
You have a lot to look forward to in the next six months.
Tyrone Jackson
The Wealthy Investor
