Apple Inc (NASDAQ: AAPL) analyst Ming-Chi Kuo mentioned the worst is but to come back for tech shares.
What Occurred: The Taiwan-based Apple watcher had earlier tweeted that “nobody cares about huge tech earnings anymore.”
In a later tweet, he mentioned, “I feel the worst for tech shares could also be but to come back.”
Nonetheless, I feel the worst for tech shares could also be but to come back. https://t.co/Uq5EZUc0rF
— 郭明錤 (Ming-Chi Kuo) (@mingchikuo) April 26, 2022
See Additionally: How To Purchase Apple (AAPL) Shares
Why It Issues: Kuo mentioned this week that the Tim Cook dinner-led Apple might not challenge third-quarter steering if there is no such thing as a important enchancment in Chinese language manufacturing.
Apple’s earnings are due Thursday. The Road expects earnings per share to quantity to $1.43, based on Benzinga information.
On Tuesday, Apple-rival Microsoft Company (NASDAQ: MSFT) noticed its third-quarter income rise 18% year-over-year to $49.4 billion beating an estimate of $49.03 billion.
Google-parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) reported a uncommon earnings per share miss on the identical day. Alphabet’s first-quarter earnings per share amounted to $24.62, falling in need of an estimated $26.11 quantity.
Learn Subsequent: This Investor Prefers Meta Inventory Over Amazon And Microsoft: This is Why
Newest Rankings for AAPL
| Date | Agency | Motion | From | To |
|---|---|---|---|---|
| Mar 2022 | Barclays | Maintains | Equal-Weight | |
| Feb 2022 | Tigress Monetary | Maintains | Sturdy Purchase | |
| Jan 2022 | Credit score Suisse | Maintains | Impartial |
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