Apple's Stock In Danger Of Longest Pre-results Loss Streak In 4 Years

By Markets MarketWatch Pulse

Apple Inc.'s stock slipped 0.2% in morning trade Tuesday, putting it in danger of suffering a fourth-straight loss, as investors prepare for fiscal second-quarter results after the closing bell. If the stock closes down, it would be the longest losing streak since the five-session stretch ending Nov. 13, 2015; there have been seven three-session losing streaks since then. It would also be the longest-losing streak heading into quarterly results since the stock fell for five-straight sessions ahead of second-quarter results in 2012. Back then, the results led to an 8.9% surge the next session, but then the stock fell the next four sessions, and closed back below the pre-earnings closing price by May 14.

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