Apple Q2 earnings preview: ‘I think this will be a very good quarter’

0

Apple Q2 earnings preview: ‘I think this will be a very good quarter’

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >

By:

Wajeeh Khan

on
Apr 28, 2022

Apple Inc is set to report its Q2 financial results on Thursday, after the bell.

Jon Najarian reveals his expectations for Apple’s Q2 on CNBC Halftime Report.

Apple shares are up roughly 5.0% ahead of the its quarterly earnings report.

Apple Inc (NASDAQ: AAPL) is scheduled to report its Q2 financial results on Thursday, after the bell. Ahead of earnings, the stock is up 5.0%.

Jon Najarian reveals his expectations

Peer Microsoft reported solid results for its recent quarter earlier this week, and similar would be the story for Apple Inc, said Jon Najarian this afternoon on CNBC’s “Halftime Report”.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

The read through from Microsoft Corporation was that there is a big demand for Cloud. I think Apple will continue to have big demand for wearables, for services, for health. I think this will be a very good quarter.

The cofounder of MarketRebellion.com owns Apple both in stock and in options. The iPhone maker is expected to report $1.43 in per-share earnings for its fiscal second quarter.

Apple doesn’t need blow-off numbers

Investors have gotten used to seeing blow-off numbers from Apple Inc. While that might not be the case this quarter, Najarian noted, it hardly threatens the bull case for the tech titan.

I think stable numbers are good for the market here. As Meta showed, you don’t need blow-off numbers after stock’s been hit pretty bad. Apple is still bit of a ways away from that $183 high when it hit $3.0 trillion market cap.

His remarks come a day after famed Apple investor, Ming-Chi Kuo, warned the worst might be yet to come for the tech stocks. The tech-heavy Nasdaq 100 index is still down 13% for the year.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,
eToro

10/10

68% of retail CFD accounts lose money

Visit site

Industries


North America


Stocks & Shares


Technology


USA


World

Generated by Feedzy