Beat the street: Traders on alert for mega earnings; Tesla; Apple
US stocks look set to bump higher ahead of a mega earnings week punctuated by GDP and inflation readings. Tesla kicks off earnings flood a day after the company cut prices for some of its models.
General Motors beats the street. Apple’s Q1 smartphone shipments in China tumble 19%. We discuss how to trade the iPhone maker with IGTV’s Jeremy Naylor.
(AI Video Summary)
A major earnings week
In today's edition of "Beat the street", Angeline Ong discusses the anticipation ahead of a significant earnings week with major companies like Tesla, Microsoft, Meta, and Alphabet reporting. Tesla reports a decrease in earnings and revenue, impacted by price cuts and layoffs, indicating a transitional phase with scaled production of the Cybertruck but abandoning plans for a low-cost EV. Also highlighted is Micron's $100 billion mega fab plan in New York, growth in PepsiCo's Q1 revenues, and a 19% decline in Apple’s first-quarter smartphone shipments in China indicating a strategic shift towards other markets like India.
Stock performances
The episode also covers stock performances, with Tesla shares down 40% yearly and General Motors shares up over 20% year-to-date. The show concludes with a projection on the stock market, focusing on Apple's and Visa's performance, and provides trading insights, including Bitcoin's rally, hinting at a cautiously optimistic start to the trading session.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
