FXstreet

John Archer bought Apple this week reasoning that Apple will either surprise Wall Street to the upside or they will solve whatever problems they have within his investment horizon. Here's the best argument for an upside surprise on Tuesday.



Apple's stock is down about 9% since Wall Street went into "full panic mode." Ahead of Apple's earnings on Tuesday, John Archer added to his position reasoning that Apple will either surprise Wall Street to the upside or they will solve whatever problems they have within his investment horizon. Here's the best argument for an upside surprise from Apple on Tuesday.

The panic started after Taiwan Semiconductor Manufacturing (TSMC) lowered its revenue guidance for Q2 due to weak demand. TSMC did not blame Apple for its lowered guidance, but that is what Wall Street inferred especially after AMS, another major Apple supplier, said it expects sales for the current quarter to be down nearly 50 percent from last quarter.

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