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Apple tends to gain 20% every time this happens

Apple set to surge?
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Apple set to surge?

The world's largest company confirmed plans this week in an SEC filing to launch a so-called Samurai bond priced in Japanese yen. The latest offering will be the fifth bond sale for Apple since 2013. And if history is any guide, a new Apple bond could signal another leg higher for the tech giant's stock in the coming months.

Apple has gained, on average, 19.4 percent in the six months after the issue date of its last four bond offerings, according to data from Societe Generale's head of U.S. strategy, Larry McDonald. Those offerings came in 2013, 2014 and 2015, and were denominated in dollars, euros and Swiss francs, respectively. (Tweet This)


So does news of another bond offering, which some traders expect to price as early as Thursday, mean that now is the time to buy Apple?

According to Guy Adami of Private Advisor Group, the stock looks to be setting up technically for another move higher.

"Pattern recognition suggests the stock goes higher from here," Adami said on CNBC's "Fast Money" on Monday. Apple, he added, "had this huge run-up basically into March, we've flat lined since, I just think it's basing until the next leg higher."

Adami said Apple's next stop could be around $155 per share, which would be about 20 percent higher from current levels. That matches the average move higher in the six months following previous bond sales.

Metropolitan Capital's Karen Finerman said that any correlation between bond issuances and stock price is likely coincidental and "probably due to something else." A new bond offering, she added, isn't enough of a reason on its own to jump into the stock.