Last week saw the first round of results from the Big Tech giants, with
accelerating growth at Google (
GOOG,
GOOGL), Meta's (
META) focus
on artificial intelligence, and
worries about capex at Microsoft (
MSFT). Up next are the quarterly numbers from Apple (
AAPL) and Amazon (
AMZN), which will arrive after today's closing bell. Investors and economists alike will be eyeing the figures of the two companies that have a global workforce in the millions, consumer and business revenues in the billions, and market caps that keep going
further into the trillions.
Apple: The stock is already
up 54% this year and the firm's view on many of its business verticals will provide a broader economic picture. Services results, like the cloud, App Store, Apple Music, Apple Pay, etc.
will be closely monitored, as will levels of iPhone shipments and price hikes of Pro models. Also listen to the conference call for mentions of artificial intelligence, the new VR headset, status in overseas markets like India, and the potential impact of an escalating semiconductor war between the U.S. and China.
Amazon: The e-commerce behemoth has similarly had a big rebound YTD, with shares
soaring nearly 50% over the course of 2023. Amazon is coming off its Prime Day in July, which was the
single largest sales day in its history, while its pushes into pharmacy and grocery will likely be discussed. However, the
most important metrics will likely be the outlook for Amazon Web Services, the company's cloud computing platform, as well as whether strength in streaming and advertising will be offset by slowing consumer and enterprise spending.
SA commentary: "
AMZN shares are attractively valued for
continued accumulation, though one can never know what the market will do as earnings approach," writes SA analyst
Wealth Insights. Meanwhile,
Business Quant sees Amazon
poised for a Q2 beat and
Jamie Galvin says growth and margins are among the
3 Key Items To Watch in the results. With regards to Apple (
AAPL),
Tradevestor also gives a preview of the iPhone giant that explores
valuation, technical strength and recent revisions. (
12 comments)
No comments:
Post a Comment