🔥Stock Prediction: How will Apple close Friday 29/7 following their earnings?
Click to vote. Can you predict where $Apple(AAPL)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.
Apple announced that it will release its earnings report after the closing bell on Thursday, July 28. Let's guess where $Apple(AAPL)$ will move following their earnings?
The company hadn't provided any guidance citing the near-term uncertainty surrounding its business. However, in reporting March quarter results, Apple had warned that supply constraints could reduce revenue in the quarter by $4 billion to $8 billion. But strong expectations for the iPhone 13 and upcoming iPhone 14 suggest that the impact may be somewhat mitigated.
Last week, Morgan Stanley’s Katy Huberty said she expects a miss from Apple as it copes with supply chain and foreign exchange headwinds. That said, the company remains a high-quality name to buy on any pullback in its stock, according to Huberty.
Apple earnings consensus
- Wall Street forecasts Apple will report revenue to $82.771 billion
- EPS at the bottom-line is estimated to $1.158.
What are your insights about Apple's financial reports?
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⏰Event Time
- The deadline for this event is 23:00 on 28 July, SGT
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How will Apple close Friday 29/7 following their earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
I don't foresee Apple's earning to be rosy. Apple is facing a lot of challenges. Its challenges go beyond the latest economic concerns:
chinese economic tanking & recession out look globally will result in weaker Consumer discretionary spending in pc n tablet might pull apples earning in some degree.
Usd rally
Apple is undergoing some strong macro headwinds currently due to high inflation and rising interest rates. The pandemic lock down in China earlier on and chip shortage also exacerbated the problems that Apple is facing.
Apple will also face the negative effect of the strong US dollar which will make exports more expensive.
However this is just a temporary setback. Apple ticks all the core fundamentals of a quality stock. It is profitable, has a rock solid balance sheet and an excellent management team under Tim Cook. Apple also has a wide moat as it has a strong brand and a unique eco system too.
For now, this will be one of the most challenging quarters that Apple will face. However it is golden opportunity to buy more Apple shares should it dip below the 150 support level. I predict that Apple will close between 153 to 155 after the earnings report is released.
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