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Apple ETFs in Tug-of-War Ahead of Q2 Earnings [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Its lesser exposure to AI within the “Magnificent Seven” group and concerns over the sales growth of iPhone in the key China market can be held responsible for this lackluster performance. Plus, rising rates have played a role in pushing the stock down in recent trading. Apple's stock recorded a 3.4% drop over the last five days. Apple is expected to come up with 2Q24 earnings results on May 2. Just prior to the earnings release, the stock is caught between bullish and bearish commentaries from Wall Street watchers. Let's delve a little deeper: Inside the Bullish Theory Bank of America named Apple a top pick for 2024, citing optimism over upcoming results and longer-term prospects. Analyst Wamsi Mohan, with a buy rating and $225 price target, highlighted Apple's "rich catalyst path with defensive cash flows." BofA has positive expectations about Apple's second-quarter results, with expectations of strong services revenue growth and margins. However, the bank warned about a p
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