6 Trades to Double Your Money by the End of Summer
OptionsZone Experts, July 4, 2009
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Apple (AAPL)
By Chris Johnson and Jon Lewis
All is right with the world. Steve Jobs is back in the captain's chair at Apple (AAPL) after a liver transplant, and the new iPhone 3GS is selling well (around a million units right out of the gate).
AAPL has withstood challenges from Palm (PALM) and Research In Motion (RIMM), along with Mr. Jobs' absence, to soar more than 60% off its March bottom. With AAPL's products as popular as ever, look for the momentum to continue into the summer.
Buy the AAPL Aug 135 Calls (APVHG).
Apple is one of the Top 10 Summer Stocks.
More By This Expert
Houghton and Atkeson
Looking into June, the market should begin refocusing on upcoming earnings reports for evidence the economy is gaining momentum.
Watching the Treasury's Actions
In the short-term, the government's bond auction is likely to be a key driver of stocks.
Treasury Auction Boosts Market
The Treasury's auction of two-year notes brought an upside surprise which should alleviate fears of a lack of demand for U.S. paper.
Credit Markets Point to Upturn
The credit market, a reliable indicator of equity direction, suggests we will break out of the SPX's trading range to the upside.
The market seems to be saying that a 30% move up from the lows is ahead of the real economy and the market needs to allow the economy to catch up.
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