Apple (AAPL) stock is trading around $131 ahead of earnings tonight. The company is expected to report sales of $49.31 billion and EPS of $1.81.
Apple (AAPL) has been a boring stock over the last five months because the company is so large that shares can't really move up much from here. When a company has a market cap of almost $750 billion, it's really hard to move the needle no matter how good they are. The Apple Watch has been a huge flop and the company could be done innovating.
Still, the iPhone is one powerful product so this will drive the stock over the next 12 months. Apple (AAPL) needs to break $135 on heavy volume to move into the $140's. Support is located down around $120-$122. We will be watching AAPL in the stock picks group.
If you are looking for more hot stocks, check out my 2015 Stock Gainers and 2015 Penny Stock Gainers.
