I wanted to take the time out and explain a few things when it comes to Quarterly Earnings Reports and Trading. There have been a few surprises this Quarter when companies release phenomenal earnings and the stock price still suffered when the expectation was for it to strengthen.
The most recent company that was affected was Google (Alphabet). Earnings were released before market open on Monday. The information that is released to the public were very strong. In the after market activity, we were able to see the excitement with a huge buy-in from investors. Once , investors were able to see the report in its entirety and really started to dissect, the flaws of overspending overshadowed the earnings. This caused a major sell-off an hour into after- market trading.
Apple remains an ‘uninspired investment,’ prepare for earnings miss: Analyst
- “Investors have sufficiently dissected the key near-term drivers of the shares. Consensus estimates are likely to fall on weak iPhone demand,” Jeffrey Kvaal wrote.
- His earnings per share estimate for Apple’s second fiscal quarter of $2.69 is below the consensus Wall Street estimate of $2.71, according to FactSet data.
- Kvaal reiterated his neutral rating on the stock as well as his $175 price target, implying 1.8 percent downside over the next year.
Thomas Franck | @tomwfranck
Investors Should Prepare For Apple Miss: Nomura
By Donna Fuscaldo | April 19, 2018 — 9:50 AM EDT
Only Apple Inc. knows for sure how iPhone sales did during its fiscal second quarter but one Wall Street analyst has his doubts, urging investors to brace for an earnings disappointment out of the company.
Apple could head toward bear market as it faces more than just iPhone worries
Keris Lahiff | @kerisalison
Published 12:22 PM ET Mon, 23 April 2018
Apple’s had a rotten few days, and one market watcher sees more trouble ahead for the world’s largest company by market cap as concerns over iPhone demand mount.
“It’s about slowing sales within the emerging markets, within China, that’s the concern,” Chad Morganlander, portfolio manager at Washington Crossing Advisors, told CNBC’s “Trading Nation” on Friday.