News Formal

How to bet against Apple with options as its chart breaks down ahead of earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 3 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Apple's earnings are on deck Thursday after the close.

Now that the majority of the so-called Magnificent 7 have reported earnings with mixed reactions, Apple is on deck this Thursday after the close. Apple's valuation is a concern for me given the current interest rate, macro, and geopolitical environment. Trading at over 26 times forward earnings, AAPL's valuation does not reflect the uncertainty with discretionary spending into the end of 2023.

Click here for the full disclaimer.

 

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

United States United States Latest News, United States United States Headlines

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

Key investor highlights the ‘magic’ of Apple headed into Q4 earningsApple, the biggest company by market cap in the world, will report earnings Thursday.
Source: startelegram - 🏆 248. / 63 Read more »

Here's how much the options market expects Apple shares to move off earningsApple reports earnings on Thursday after the bell.
Source: CNBC - 🏆 12. / 72 Read more »