Earnings Season Looms: Prep for AAPL, CVX, SNY Blues
@NAI500:
As the US earnings season approaches, Wall Street braces for potential market turbulence. It's prime time to consider positioning in sturdy blue-chip stocks for a cushion.1. $Apple(AAPL)$ Apple's been the rockstar of blue chips, boasting a moat wider than the Grand Canyon. Its competitive edge keeps it top dog. Q2 saw a slight 4% revenue dip to $90.8bn, but diluted earnings per share held steady at $1.53. Apple's pledging $110bn for share buybacks.Service revenue soared 14% YoY, spotlighting diversification's gold. Upcoming Apple Music, Fitness+, and subscription bundles aim to hook customers for recurring revenue. Plus, Apple Intelligence, their new AI platform, promises big things.Stock's up 22%+ YTD, with a P/E of 33.9 and P/S of 9.4. Analysts