Trading Apple, Amazon shares ahead of earnings
Apple and Amazon have both staged big rebounds year-to-date, outperforming the general market handily, but how should investors trade their upcoming earnings? IG financial analyst @AngelineOng takes a closer look.
(Video Transcript)
Apple, Amazon earnings
Amazon and Apple likely to make ways with their results, pay special attention to not how they do, but what they say about changing consumer habits heading into the holidays amid high inflation. Look out for what Amazon says, for example, about the cloud business, revenue growth and of course margins.
Trading the earnings
Both stocks have staged big rebounds year to date, outperforming the general market handily. Showing you Apple as well there, another all session stock on the IG platform, as you can see there, a dramatic rise from early January. In fact, it shares, if we just measure it from that place, has risen from 55%. Apple is likely to report a dip in iPhone sales in the April to June quarter, as shoppers held out for a new model in a slow economy.
In both Amazon and Apple's cases, investors will want to know how both companies are leveraging artificial intelligence (AI) to help keep margins looking healthy in a time when consumers are starting to really flag after a prolonged period of high inflation.
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