Nasdaq AAPL Apple

Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said.

Amazon is set to report its second-quarter earnings this Thursday. Here's what investors need to know about the numbers that could move Amazon stock, and why.

Earnings season continues to chug along, with the period kicking into a much higher gear this week. So far, the Q2 cycle has been positive, helping reassure investors and boosting overall sentiment within the market.

Tech behemoth Apple ( NASDAQ:AAPL ) is scheduled to announce its fiscal third-quarter results after the market close on Thursday, August 3. The iPhone maker is facing a slowdown in the smartphone market and any unfavorable commentary about the outlook for the fiscal fourth quarter could weigh on the stock. Fiscal Q3 Expectations from Apple Apple delivered better-than-anticipated fiscal second-quarter (March quarter) results, even as overall revenue declined 2.5% year-over-year to $94.8 billion. The company’s earnings per share (EPS) remained flat at $1.52. It’s worth noting that iPhone revenue increased 1.5% in Q2 FY23, despite a decline in sales of the broader smartphone industry.        However, the company witnessed weaker Mac and iPad revenues in the fiscal second quarter, partially due to parts shortage. These two product categories faced difficult comparisons, as the year-ago period was still gaining from a pandemic-induced spike in demand. Coming to Q3 FY23, analysts estimate revenue to decline about 1.5% year-over-year to $81.73 billion, while EPS is projected to fall 0.8% to $1.19. Analysts expect iPhone sales to fall in the June quarter. On Tuesday, Baird analyst William Power increased the price target for Apple to $204 from $180 and reiterated a Buy rating on the stock. Power anticipates “solid” Q3 FY23 results, though he pointed out that valuation is at nearly all-time highs. The analyst believes that the focus will be on the next iPhone cycle, noting that historically Apple “outperforms mildly” from August to mid-September. Heading into Q3 FY23 results, TD Cowen analyst Krish Sankar raised the price target for Apple to $220 from $195 on Tuesday, while reiterating a Hold rating. Sankar projects June quarter revenue to decline 2% year-over-year and the company to issue a 1% revenue growth outlook for the September quarter. The analyst highlighted that the fieldwork by his firm indicates that near-term iPhone builds remain stable, with next-gen iPhone units to be nearly flat in the second half of the calendar year 2023. He expects China and India market share gains to be favorable, while Mac and Wearables segments to experience “muted seasonality.” Meanwhile, TipRanks’ Website Traffic Tool indicates a downward trend, with visits to apple.com and other company websites plunging 76.42% year-over-year in Q3 FY23. Website visits were down 1.73% sequentially in the fiscal third quarter.   Technical Analysis Ahead of AAPL’s Q3 Earnings Heading into Fiscal Q3 results, technical indicators reveal that AAPL is a Buy. According to TipRanks’s easy-to-understand technical tool, AAPL’s 50-Day EMA (exponential moving average) is 185.43, while its stock price is $196.45, making it a Buy. Also, AAPL’s shorter duration EMA (20-day) signals that it is a Buy. Is Apple a Good Stock to Buy Right Now? Wall Street has a Strong Buy consensus rating on Apple based on 24 Buys and seven Holds. The average price target of $200.61 implies 2.1% upside potential. Shares have risen 51% so far in 2023. Insights from Options Trading Activity TipRanks now presents options activity to help investors plan their trades ahead of earnings releases. Options traders are pricing in a 3.44% move on Apple earnings. AAPL shares have averaged a 2.3% move in the last eight quarters. In particular, the stock rose about 5% following the Q2 FY23 results. The anticipated move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement. Learn more about TipRanks’ Options tool here. Disclosure

Apple AAPL is set to report its third-quarter fiscal 2023 results on Aug 3.The company expects the to-be-reported quarter’s year-over-year revenue growth to be similar to that of the March quarter due to unfavorable forex.The Zack

Scheduled to report fiscal third-quarter results on Thursday, investors will be watching to see if Apple (NASDAQ: AAPL) inches closer to a return to revenue growth. The tech company's top line declined in both of its two most recent reported quarters. But analysts, on average, ar

Apple (NASDAQ: AAPL) is the most valuable company in the world with a market capitalization of just over $3 trillion. It reached this position thanks to the terrific demand for its iPhones, iPads, and MacBooks over the years. But the company now needs something new to power its n

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Core S&P 500 ETF, which added 9,600,000 units, or a 1.3% increase week over week. Among the largest underlying components of IVV, in m

Honeywell International (NASDAQ: HON) stock sold off after reporting earnings last week. But despite being down on the year, the stock is still within striking distance of an all-time high after a rip-roaring performance in 2022.Let's dive into the state of Honeywell's business t

What is a “Value Trap”?In Wall Street circles, a “value trap” refers to a situation where investors are drawn to a particular stock because its price appears to be very low, often with seemingly attractive metrics such as a low pr

India's Redington reported a 21% fall in quarterly profit on Tuesday, as the technology devices distributor wrestled with higher expenses at a time when demand for work-from-home equipment also slowed.

Atlassian TEAM is scheduled to report fourth-quarter fiscal 2023 results on Aug 3.

Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability an

Gen Digital GEN is slated to report first-quarter fiscal 2024 results on Aug 3. Gen Digital was formerly known as NortonLifeLock Inc. and was trading under the NLOK ticker symbol.

Despite already rising more than 50% this year, one analyst thinks shares of Apple (NASDAQ: AAPL) have plenty of upside remaining over the next 12 months. More specifically, Piper Sandler analyst Harsh Kumar thinks the stock can get to $220 during this period. This price target w

Tech giants Apple and Microsoft remained the top two global companies by market capitalisation at the end of July after riding this year's rally in technology shares.

It's a tricky time for investors. The economy seems like it's finding a footing that will allow it to sidestep a recession. But thanks to the S&P 500's 20% rally just since March's low, further gains could be a bit tougher to muster. A bunch of stocks already look and feel ov

Foxconn's venture attempting to build a standardised electric vehicle platform is targeting India or Thailand for the production of a small battery-powered car under development, the unit's chief executive said.

U.S. stocks closed little changed on Monday, ending a strong July on upbeat company earnings and hopes of a soft landing for a resilient U.S. economy.

Wall Street and global stocks edged up on Monday while oil prices gained and the dollar was little changed, as traders looked ahead to corporate earnings and a key employment report due this week.