Earnings from Apple, Amazon, Google, Microsoft and Meta
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 27 October 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Show Notes
The most overweight stocks in ESG funds
Earnings Calendar
Dividend Roundup
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events, |
| 0:11.1 | along with the weekend's top news and analysis. |
| 0:14.0 | Hello, today is Sunday October 27th and I'm your host Kim Kahn. |
| 0:18.0 | Five of the biggest tech companies report earnings in a week that will also see big numbers on jobs and economic growth. |
| 0:24.0 | Apple, Microsoft, Amazon, Alphabet, and Meta platforms are all scheduled to issue numbers. |
| 0:29.4 | Apple is expected to earn a $1.55 per share on 94.26 billion in revenue. |
| 0:35.0 | TD co and analyst Krish Thancar says sentiment in Apple is markedly negative going into the quarterly results, |
| 0:41.0 | amid concerns about year-over-year comparisons, China, and |
| 0:44.4 | regulatory risks to its services business. And while some of those concerns remain, |
| 0:48.6 | any upbeat commentary from Apple's management team would be considered a positive. |
| 0:53.0 | Overall, we expect Apple to report in line September quarter results |
| 0:57.0 | and guide in line to below consensus for the December quarter, |
| 1:00.0 | Sankar said. |
| 1:01.0 | He has a buy rating on the stock with a $250 price target. |
| 1:05.0 | Amazon reports on Halloween with analysts looking for revenue of $157.34 billion |
| 1:11.0 | and EPS of 134. Its gross margin is expected to come in at 50.1%. |
| 1:17.0 | Growth at Amazon Web Services, its margins, capital expenditures, and retail margins in the US will be key. |
| 1:23.0 | Bank of America's securities earlier this week |
| 1:25.0 | said it expects a mixed Q3 with retail in line and an AWS beat. |
| 1:30.0 | And Microsoft will give investors a lot to digest during its earnings call, which would likely highlight |
| 1:35.4 | Azure Cloud Growth, advances in generative artificial intelligence, and new investor metrics. |
| 1:41.3 | The forecast is for EPS of 310 on revenue of 64.56 billion. |
... |
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