Big Tech earnings have been strong, but Apple is about to answer the thousand-dollar question

While the stock market reactions may not prove it, Big Tech is four-for-four so far this earnings reporting season.

Results from other companies in recent weeks have painted a mixed picture of consumer spending. Visa Inc. V, -0.87%, Mastercard Inc. MA, -0.14% and American Express Co. AXP, -1.42% say that spending remains resilient, but there are also signs that cracks are starting to form in categories deemed non-essential. Just look at Align Technology Inc. ALGN, +0.

Apple’s report could also highlight the impact of currency on corporate results, as the company generates more than half of its revenue internationally. The week ahead will also shed light on how consumers’ dining preferences have evolved in the current economy. Starbucks Corp. SBUX, -0.70%, Dine Brands Global Inc. DIN, -0.12%, Cheesecake Factory Inc. CAKE, -0.47% and Sweetgreen Inc. SG, +0.59% are among names on the docket. Plus, amid concerns about the impact of GLP-1 drugs such as Ozempic and Wegovy on eating habits, Kraft Heinz Co.’s management will be in the spotlight.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Stocks tick higher after strong finish to Big Tech earningsAmazon injected markets with a bit of optimism after posting strong results Thursday.
Source: startelegram - 🏆 248. / 63 Read more »

Intel Stock Earnings: INTC rises nearly 10% on earnings surprise, robust Q4 outlookIntel (INTC) stock soared 9.7% mid-session on Friday after the legacy semiconductor company posted earnings nearly double Wall Street’s expectation.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Tech buoyed by Amazon earnings but stocks elsewhere struggleIt's been another tough week for European stock markets which are set to end it in the red once more amid concerns over the economy. Investors have be
Source: FXStreetNews - 🏆 14. / 72 Read more »

Tech Earnings Were Strong, but AI Progress Has Been SlowFor Big Tech firms, generative AI is a high-stakes, no-limit poker game that requires not just capital but also labor—mainly costly coders.
Source: MarketWatch - 🏆 3. / 97 Read more »

Cramer's week ahead: Federal Reserve meeting, Apple and Eli Lilly earningsCNBC’s Jim Cramer said he’ll be watching for a number of notable earnings reports next week, including Apple, Caterpillar and drug maker Eli Lilly.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Cramer's week ahead: Federal Reserve meeting, Apple and Eli Lilly earningsCNBC’s Jim Cramer said he’ll be watching for a number of notable earnings reports next week, including Apple, Caterpillar and drug maker Eli Lilly.
Source: nbcchicago - 🏆 545. / 51 Read more »