Latest news with #tech earnings
Yahoo
30-07-2025
- Business
- Yahoo
AAPL Stock Q3 Forecast: 4 Things to Watch When Apple Reports Earnings on July 31
This week is loaded with tech earnings, and Meta Platforms (META) and Microsoft (MSFT) will release their quarterly reports today, July 30, after the close of markets. Tomorrow, we'll hear from Apple (AAPL) and Amazon (AMZN). Apple is heading into the confessional as the second-worst performing constituent of the group. Tesla (TSLA), which is the worst performer of the group, failed to impress with its June quarter earnings, and CEO Elon Musk's bold promises failed to overshadow the earnings miss. More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold As SoFi Raises 2025 Guidance, Should You Buy, Sell, or Hold SOFI Stock Here? Earnings Will Be 'Worse Than Expected' for UnitedHealth. How Should You Play UNH Stock Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! As for Apple, the stock fell after the company's fiscal Q2 release, despite posting better-than-expected earnings for the quarter. Could things be any different this time around? Let's explore, beginning with the fiscal Q3 earnings estimates. Apple Q3 Earnings Estimates Analysts expect Apple to report revenue of $88.96 billion in the June quarter, 3.7% higher than the corresponding quarter last year. The Cupertino-based company guided for an annual revenue increase of 'low to mid-single digits' for the quarter. I believe the consensus estimates might be a bit conservative considering the headwinds from a weaker dollar ($DXY). Moreover, reports suggest strong iPhone sales in China in May and June, which should help Apple report buoyant revenues for its fiscal third quarter. Consensus estimates call for a mere 1.4% year-over-year increase in Apple's earnings per share, with analysts modeling a full-year increase of 5.3%. What to Watch in Apple's Earnings Call Along with the headline financial numbers, I will watch for the following in the earnings call. Guidance: While Apple stopped providing quantitative guidance in 2020, the company does provide some color on its outlook. During the earnings call, I will watch for guidance on the top line as well as gross margins. M&A Strategy: While we shouldn't really expect Apple to say anything concrete on M&A, I look forward to discussion on the possibility of an acquisition to complement the company's artificial intelligence (AI) strategy. There have been rumors about Apple considering acquiring AI startup Perplexity, but the iPhone maker has generally not been as active in M&A as some of its Big Tech peers. Apple Intelligence: I will watch for commentary on the launch of Apple Intelligence features in China. While Apple has partnered with Alibaba (BABA), which should help facilitate the release of these features in China, the deal is reportedly facing scrutiny in the U.S. Supply Chain Strategy: With Vietnam now facing a 20% tariff and India faces 25% tariffs, I will watch for Apple management's comments on the supply chain strategy. Notably, President Donald Trump has threatened to impose up to a 25% tariff on imports from India, which would hurt Apple as the country accounts for the bulk of iPhone shipments to the U.S. after Apple's supply chain tweaks. Apple Stock Forecast While Apple faced a flurry of downgrades in the first half of the year, some analysts have started to see value in the stock after the recent underperformance, and earlier this month, Jefferies upgraded it from an 'Underperform' to 'Hold,' while JPMorgan raised its target price from $230 to $250. Still, Apple is rated as a 'Strong Buy' or 'Moderate Buy' by only 21 of the 37 analysts covering the stock as tracked by Barchart. 14 analysts rate AAPL as a 'Hold,' while two rate it as a 'Strong Sell.' Apple's mean target price is $231.46, 9.6% higher than the July 29 closing price, while the Street-high target price of $300 is almost 42% higher. Should You Buy Apple Stock Ahead of the Q3 Earnings Report? I see the setup for Apple stock as reasonably positive ahead of the confessional, given its YTD underperformance versus Big Tech peers. Moreover, iPhone sales have picked up in China, which is quite reassuring as that market has been particularly challenging for Apple. However, I believe that Apple is a show-me story for the next few months and the iPhone maker needs to convince markets that it still deserves to trade at premium valuations – at a forward price-earnings (P/E) multiple of around 30x to be precise. Overall, while I expect to see an uptick in Apple following the earnings, I still don't find it the kind of fascinating story as it was a few quarters back, as the company navigates headwinds on the macro, regulatory, as well as company-specific level, making its outlook the haziest it has been in years. On the date of publication, Mohit Oberoi had a position in: AAPL, AMZN, META, MSFT, NVDA, TSLA. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
28-07-2025
- Business
- Yahoo
US-EU trade deal, Big Tech earnings, Fed meeting: 3 Things
Here are three stories Wall Street is watching on Monday, July 28. The US and EU have agreed to a framework for a trade deal that includes a 15% tariff on most goods from the EU imported into the US. It's a big week for tech earnings, with Meta (META), Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN) all set to report. It's also a huge week for the economy, with the Federal Reserve announcing its latest decision on interest rates on Wednesday, July 30th and the July jobs report being released on Friday, August, 1. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Let's get to the three things you need to know today. First up, US stock futures pushing higher this morning. That's after the US and European Union reached a trade deal. The EU will accept a 15% tariff on most of its exports to the US, while reducing levies on some American products to zero. European Commission President Ursula von der Leyen hailed the agreement for the stability and predictability that it will offer businesses and consumers. US energy stocks moving higher on the back of the deal as Trump said that the EU agreed to purchase $750 billion in American energy products and invest $600 billion in the US on top of existing expenditures. US defense stocks also on the move as the EU agreed to purchase vast amounts of military equipment from the US, according to Trump. Plus, investors are gearing up for a crucial week of earnings reports. Big tech heavyweights Apple, Amazon, Meta, Microsoft are all set to report. Those four companies worth a combined $11 trillion will give investors a key glimpse into the health of businesses ranging from electronic devices and software to cloud computing and e-commerce. A strong showing is critical to sustaining the S&P 500's rally with Meta and Microsoft among the top three point gainers in the S&P this year. And all eyes will be on the Federal Reserve as well this week as the central bank meets in Washington ahead of its policy announcement on Wednesday. The Fed widely expected to keep rates on hold this week despite immense pressure from the Trump White House to cut interest rates. In addition to the Fed decision, investors will digest data including the July jobs report, GDP consumer spending, PMI, and ISM manufacturing.
Yahoo
23-07-2025
- Business
- Yahoo
Tech Investors Prepare for Second Quarter Earnings
With great valuations comes great expectations, says Glenmede Vice President of Investment Strategy Mike Reynolds. He discusses upcoming tech earnings with Caroline Hyde on "Bloomberg Tech". Sign in to access your portfolio
Geek Wire
21-07-2025
- Business
- Geek Wire
Madrona's Matt McIlwain called it: A year later, Microsoft and Amazon are outpacing Apple
Speaking on CNBC this afternoon, Madrona's Matt McIlwain noted that he had been on the business news network a year ago with a contrarian call: bullish on Microsoft and Amazon, skeptical on Apple. For anyone who might have been tempted to see some hometown bias in his past perspective, the 12-month scorecard validates his thesis. Amazon is up 25%, Microsoft up 15%, and Apple is down 5%. The Seattle-based venture capitalist acknowledged being 'a little bit wrong in the short term' but maintained that the performance dispersion between these tech giants will continue. Fueling the gains is the fact that Microsoft and Amazon seem to have persuaded the market about the promise of their long-term bets on artificial intelligence, while Apple has struggled on that front. McIlwain views Apple as facing ongoing challenges, while Google presents the most uncertainty — trading at roughly 20x price-to-earnings compared to 30x for its peers, making it 'the trickiest one to guess.' His broader point: the days of Big Tech moving in lockstep are over. The growing dispersion in performance reflects fundamental differences in their businesses and prospects. The Seattle-based venture capitalist's latest comments come in advance of tech earnings season. Google parent Alphabet reports its results on Wednesday, with Microsoft, Amazon and Apple earnings set for next week. McIlwain also weighed in on the reopening IPO window, highlighting Figma as an ideal candidate to test the market. He expressed cautious optimism about the surge in crypto-related filings following Circle's impressive gain since its June debut. Watch the full segment above from CNBC's 'Closing Bell Overtime.'
Bloomberg
21-07-2025
- Business
- Bloomberg
Tech Investors Prepare for Second Quarter Earnings
With great valuations comes great expectations, says Glenmede Vice President of Investment Strategy Mike Reynolds. He discusses upcoming tech earnings with Caroline Hyde on 'Bloomberg Tech'. (Source: Bloomberg)
