Bigย Techย Earningsย Ahead – Apple, AMD, Google (Alphabet) and Microsoft scheduled to report their earnings todayย
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Q2 earnings season is in full swing,ย andย this weekโsย calendar is action-packedย withย the release of the financials of big techย giantsย as well as someย of Wall Streetโsย biggest market movers.ย
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This week is undoubtedly the most crowded one of theย earnings seasonย andย whileย Teslaย kickedย off theย week on the right foot, the markets nowย awaitย for similar results from Apple, AMD, Google (Alphabet), Microsoft and more.ย
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Tuesdayโs Big Tech Earnings Previewย
Apple, Google and Microsoft are three of the biggest and most valuable companies in the world.ย ย
Hereโs what to expectย ahead ofย todayโsย most anticipatedย releases:ย
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Appleย
Analysts hold high expectations from Appleย – and with good reason – asย more often than not, it manages to beat all estimates no matter how optimistic they are.ย ย
In fact, Appleโs stellar performance this year is a case in point โ the companyโs stock skyrocketed by more than 50% since August 2020 and is currently enjoying a 12% YTD gain.ย
Analysts estimate that Appleโs revenues willย likely settleย around $73 billion, however, stock performance following theย final outcomeย is largely unpredictable since last quarterโs surprise was still met with a retracement in stock prices.ย ย
All signs point to Appleโs stock being a strong buy this time around, however, buyers should always beware.ย
Google (Alphabet)ย
Few companies performed as impressive asย Googleย did this year. The companyโs stock isย riding near all-time highs while investors enjoyed gains of beyondย 80% since August 2020ย as well as 58% YTD.ย ย
Google is largely outperforming the rest of its FAANG peers and even ifย past performance is not indicative of future results,ย itโs important to note thatย the search giantย alsoย managedย to smash analystsโ estimates for the pastย fourย quartersย as well.ย
Microsoftย
The markets also expect great things from Microsoft as the companyโs managed to beat analystsโ forecasts for the past four quartersย –ย in similar fashion with Google.ย
Microsoftโs stock is also running on fresh highs near $288 โ recording a 41% gain since August 2020ย and had an impressiveย 32%ย climbย YTD.ย
The consensus for Microsoftโs revenues is set near $44 billion, which translates to a 15% rise compared to last yearโs second quarter.ย ย
Upcoming Earnings Releasesย
A few of the names that will publish their earnings in the next few days are listed below:ย ย
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- Wednesday 28/07ย
Facebook, McDonaldโs, PayPal, Pfizer, Qualcomm, Wells Fargo, Bank of America, BlackRock, Citigroup.ย
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- Thursday 29/07ย
Amazon, Mastercard, Morgan Stanley.ย
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