Connor Campbell, Financial Analyst at Spreadex, joined Tip TV to discuss FTSE 100, Dow Jones, and single stocks – Apple (O:AAPL), Next, and BT Group (L:BT).
Campbell starts the show by highlighting how their clients have shifted back to buying, away from the previous pessimism, and things are now looking more positive in the markets
FTSE 100: Big week
Campbell notes how this is a big week for the FTSE 100 equity index with respect to company earnings. On the levels, he explains that their clients remain buyers around 6400 – 6450 levels, and sees selling around 6450 capping the upside for the index.
Wall Street: All eyes on AAPL
On the DJIA, Campbell mentions that the equity index has failed to climb above the 18,000 mark since Apple’s previous earnings report, and while the US GDP and FOMC will be key drivers this week, Apple’s earnings will play a major role.
AAPL: China concerns
Campbell says how sales has been an important part for the share price of Apple stocks, and with the previous mega sales growth from China in the past, all eyes will be on sales in China.
NEXT: He notes how this stock has been a client favourite, and has seen a lot of buying, with the fundamentals looking good.
BT Group: Mixed views on the stock. Could go either way, notes Campbell.