The 3 Most Important Stocks Reporting Earnings This Week

We are finally in the busiest week of earnings season. More than 900 companies have or are scheduled to report this week. Through Monday, 130 companies in the S&P 500 had reported, with 80% beating estimates.

This is also in the midst of a…

Fed meeting this week. On Wednesday, Fed Chairman Jerome Powell will provide his thoughts on the economy, so make sure you keep an eye on that.

There are three stocks reporting earnings on Thursday that I am most focused on. They are three of the most valuable companies in the world. Each stock is worth over a trillion dollars, and combined are worth almost $4 trillion.

AAPL is expected to report revenue of $52 billion for the quarter. This would represent a 3% drop from a year ago. The company is also expected to report adjusted net income of $8.3 billion. The stock is up 28% so far year to date. AAPL currently has a market cap of $1.6 Trillion.

AAPL has been benefiting from robust App Store sales and the adoption of Apple Music and Apple Pay. During the pandemic, there was a greater need for online services, so products like iPhone and iPads became an essential tool for consumers. AAPL also dominates the wearable market with strong sales from the Apple Watch and AirPods.

AAPL is one of the top-rated stocks in our momentum-based POWR Ratings system. It holds grades of A in every component of the POWR Ratings. Overall it is the #1 ranked stock in the Technology – Hardware industry. The 28% return year to date on top of a whopping 88% return shows the momentum taking place with Apple. After Thursday night, we will have a better idea if the momentum will continue. (AMZN

The consensus for AMZN’s second-quarter revenue is $81 billion, which would be an increase of 28% from last year. Analysts also expect an adjusted net income of $2.6 billion. In the same quarter a year ago, AMZN posted earnings of $5.22 a share on sales of $63 billion. AMZN, which has a market cap of $1.5 trillion, is up almost 65% for the year.

AMZN holds a dominant position in the cloud-computing space with Amazon Web Services (AWS), providing the company with a high margin business. The company can also rely on its AI-backed Alexa device to sell products and services. A current focus for the company is creating video content for Prime subscribers due to the growth potential of the streaming market. AMZN’s leading retail business continues to stay one step ahead with unbeatable prices and choices.

AMZN is rated a Strong Buy in our POWR Ratings system. It holds grades of A for Trade Grade, Industry Rank, and B for Buy & Hold Grade and Peer Grade. It is the #14 ranked stock in the Internet industry.

Alphabet (GOOGL

GOOGL is expected to post second-quarter revenue of $37 billion and GAAP EPS of $7.96 a share. The revenue would represent a…

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