News Formal

Earnings playbook: Busiest week of the season includes reports from megacaps Apple and Amazon

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 72%

Markets News

Earnings,Amazon.Com Inc,Apple Inc

More than 150 companies in the S&P 500 are slated to report.

The busiest week of the corporate earnings season has arrived. More than 150 S & P 500 companies are slated to report. Among them are Apple , Amazon and Ford Motor . Pharmaceutical giant Pfizer is also on deck. So far, this third quarter reporting period has been mixed. While there have been some high-profile earnings beats — such as Tesla — earnings are on track to grow just about 3%, according to FactSet. That's below the 4.2% expansion analysts had anticipated heading into the season.

What to watch: Meta is in a good spot heading into this week's report, according to Bernstein's Mark Shmulik. The analyst raised his price target on the stock last week to $675, implying 18% upside from Friday's close. "The setup through year-end offers a more balanced risk-reward as decent ad buyer checks, higher , and helpful FX trends are offset by weaker-than-expected ad spending from Temu and Shein ... a smaller ... U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Cramer's week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and AmazonCNBC’s Jim Cramer on Friday urged investors to keep a level head during next week’s busy slate of corporate earnings and influential economic…
Source: NBCNewYork - 🏆 270. / 63 Read more »

Short Amazon and Apple as they head into earnings season, say Itau BBA analystsThe investment bank believes while the companies are financially sound, their stocks have priced in very optimistic scenarios that are unlikely to bear fruit.
Source: CNBC - 🏆 12. / 72 Read more »

Earnings guide: Here's what to expect from the 'Mag 7' ahead of third-quarter earningsMegacap tech has powered the two-year bull market. But the stocks have come under pressure as Wall Street wonders whether they have more room to run.
Source: CNBC - 🏆 12. / 72 Read more »

An effective, cheap hedge on Apple shares into earnings, according to Mike KhouwThe options trader describes a 'put spread collar' trade on Apple.
Source: CNBC - 🏆 12. / 72 Read more »