Can Apple shares gain this summer? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

Apple shares tend to do relatively well over the summer months when many other stocks tend to have a weaker period. The resilience of tech stocks has been keeping many of the major indices supported this year, so will Apple shares manage to follow its previous summer seasonal pattern and put in gains again this year?

Over the last 20 years, between June 12 and August 3, Apple shares have gained 85% of the time, with an average return of over 10%. The maximum gain was a very strong 28.62% in 2020, and the maximum fall was 11.56% in 2008. Can Apple shares repeat their strong summer seasonal pattern this year?

Major trade risks: The biggest risk is if there is some bad news for Apple stock which can pressure the share price lower. Also, if the US head into a tough recession, then that could also impact sentiment.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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