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European stocks steadied on Friday after a three-day selloff as a strong forecast from retail giant Amazon and a host of other companies outweighed recent jitters around slowing global economic growth.

Amazon shares surged on Friday in Frankfurt trading after the company issued an upbeat outlook for the third quarter, while Apple's German-listed shares fell after the company forecast a continued slide in sales.

Asian shares inched higher on Friday, while the dollar retreated from a one-month peak as investors assessed U.S. economic data that largely showed a resilient labour market and awaited a crucial non-farm payrolls report due later in the day.

Asian shares rose on Friday, while the dollar pulled back from a one-month peak as investors took stock of the slew of U.S. economic data that showed a resilient labour market ahead of a crucial non-farm payrolls report due later in the day.

Market indices showed some promise after hitting session lows this morning, until a mid-day swoon led to slightly lower reads as they rang the bell this afternoon. Pretty flat, overall: the Dow -0.07%, the Nasdaq -0.11%, the S&amp

Apple (AAPL) reported $81.8 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 1.4%. EPS of $1.26 for the same period compares to $1.20 a year ago.

Apple (AAPL) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items

U.S. stocks closed little changed on Thursday after a choppy trading session, as investors weighed another rise in Treasury yields with the latest batch of economic data and earnings.

Apple on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales, with its signature device's strong performance in China helping the company navigate a global decline in the smartphone market.

(RTTNews) - Apple Inc. (AAPL) released a profit for its third quarter that increased from last year and beat the Street estimates.

Apple on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales, with its signature device's performance in China helping the company navigate a global decline in the smartphone market.

The NASDAQ 100 After Hours Indicator is up 24.6 to 15,378.14. The total After hours volume is currently 94,140,876 shares traded.The following are the most active stocks for the after hours session: Amazon.com, Inc. (AMZN) is +9.7 at $138.61, with 14,907,210 shares traded. Smart

U.S. stocks closed nearly flat on Thursday after a choppy trading session, as investors weighed another rise in Treasury yields with the latest batch of economic data and earnings.

The S&P 500 held near the flat line in choppy trade on Thursday afternoon as investors weighed another rise in Treasury yields with the latest batch of economic data and earnings.

The following companies are expected to report earnings after hours on 08/03/2023. Visit our Earnings Calendar for a full list of expected earnings releases.Apple Inc. (AAPL)is reporting for the quarter ending June 30, 2023. The computer company's consensus earnings per share fo

Shares of American Express ( NYSE:AXP ) have been gravitating lower again following a sub-optimal quarter and a notable downgrade courtesy of an analyst who sees student loan headwinds on the horizon. Undoubtedly, American Express stock was already a tough buy in the face of a potential economic recession. Consumer spending is expected to grind lower in the second half, threatening to drag down the broader basket of payments plays. In any case, I do think the bar has already been lowered quite a bit for American Express going into what's shaping up to be a headwind-filled couple of quarters. Indeed, travel and entertainment already had its moment to recover from the worst of the pandemic. In that regard, the easy gains already seem to have been made. Regardless, longer-term thinkers still have plenty of reasons to hang onto the stock, even if analysts begin to turn their back on the name. My bull case isn't just about timing the macro headwinds that may lie ahead. American Express has plenty of intriguing growth levers it may wish to pull as the payments space collides with cutting-edge fintech technologies and AI. For that reason, I'm staying bullish on American Express stock and continue to see it as one of the better value offerings in the market right now. American Express Stock Slapped with a Downgrade American Express posted a pretty mixed bag for its second quarter. The company beat on earnings ( EPS of $2.89 vs. $2.81 estimate) but missed on revenue ($15.05 billion vs. $15.5 billion estimate). The post-earnings reaction was quite negative despite management's guidance reiteration, which calls for 15-17% revenue growth for the year. Many investors may be feeling the initial chilly breeze of that potentially-looming recession. Piper Sandler's Kevin Barker slapped the stock with a "Sell," while slashing AXP's price target to $149 from $172, implying downside of over 10% from current levels. Barker sees growth and margin pressures at the hands of student loan debt repayments coming due later in the year. Indeed, it's a notable headwind but one that may be offset by a softer-than-expected landing for the economy. At this pace, a soft landing does seem likely. However, whether the student loan headwinds weigh down AXP stock further remains to be seen. For now, the tough quarter and significant downgrade have made AXP stock that much cheaper, and I'm a fan while shares trade at 16.9 times trailing price-to-earnings, well below the credit services industry average of 22.4 times. Inheriting Apple's Partnership from Goldman Sachs Could be a Shot in the Arm Just a month ago, a Wall Street Journal report noted investment banking behemoth Goldman Sachs ( NYSE:GS ) was looking to offload its Apple ( NASDAQ:AAPL ) Card and Savings products, possibly to American Express. Indeed, we haven't heard anything new about the matter since. Still, one has to view a potential partnership with Apple as a sizeable opportunity to catch up to the likes of its larger credit card and payment peers. Right now, it's hard to tell if American Express and Apple will form a relationship as Goldman Sachs looks to take a walk. However, the fact that Warren Buffett's Berkshire Hathaway ( NYSE:BRK.B ) owns a hefty stake in each firm makes such a partnership that much more interesting. Further, Apple's tech expertise and more than one billion iPhone userbase could come in handy as American Express looks to extend its reach across the U.S. and abroad. For now, an American Express-backed Apple Card doesn't seem to make a lot of sense, given that it's not exactly the most accepted credit card in the world. It seems like nearly everybody has an iPhone, but very few folks actually have an American Express card. Still, this could change if American Express takes over for Goldman at some point in the near future. Over the years, American Express has made huge strides regarding acceptance across the U.S. market. Reportedly, around 99% of American merchants now accept American Express cards. Also, if the credit card giant can increase acceptance internationally, possibly with some help from Apple, I do see a scenario where American Express may have a pathway to really close the gap with its credit card peers. Is AXP Stock a Buy, According to Analysts? Turning to Wall Street, AXP stock comes in as a Moderate Buy. Out of 13 analyst ratings, there have been five Buys, five Holds, and four Sell recommendations assigned in the past three months. The  average American Express stock price target is $178.54, implying upside potential of 7.2%. Analyst price targets range from a low of $125 per share to a high of $203 per share. The Bottom Line on American Express Stock Even if American Express doesn't end up backing Apple's financial products, expect the credit card firm to continue staying on its toes on the front of innovation. Indeed, American Express is just another old-school company dabbling with generative AI through its Amex Digital Labs division. Over the next few years, there's hope that AI innovations could help American Express widen its moat and give its growth a jolt. For now, I think investors and analysts are too nearsighted when it comes to the name following an underwhelming quarter and a remarkable quarterly downgrade from Piper Sandler. Disclosure

The markets will look to quarterly earnings results after today’s close from Apple (AAPL ) and Amazon.com (AMZN ) for market direction. Both stocks have rallied sharply recently, which is a significant reason why the S&P 500 Stock Index ($SPX ) (SPY ) is up more than +17% this year....

The Dow and the S&P 500 slipped in choppy trading on Thursday as a jump in bonds yields, downbeat corporate earnings and a slew of economic data pointing to stubborn inflation kept investors on edge.

World share markets stumbled on Thursday as U.S. bond yields hit nine-month peaks, with the dollar shrugging off a U.S. credit downgrade to hit a four-week high and the British pound flat after an initial drop on the Bank of England raising rates.

On August 3, 2023 at 11:05:53 ET an unusually large $1,165.60K block of Put contracts in Apple (AAPL) was sold, with a strike price of $185.00 / share, expiring in 78 day(s) (on October 20, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.