Nasdaq AAPL Apple

Meta Platforms' (NASDAQ: META) stock price sank 20% to its lowest levels in nearly seven years after it posted its third-quarter earnings report. The social media giant's revenue fell 4% year over year to $27.7 billion, which cleared analysts' estimates by $310 million but marked

For years now, Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google and Meta Platforms' (NASDAQ: META) Facebook have reigned supreme as the leaders in digital advertising. Estimates differ, but as recently as 2017, Google and Facebook managed as much as 73% of all digital advertising

Nowadays, you'd be hard-pressed to find any conversation about the economy that didn't center around a looming recession. On a basic level, a recession is a large decline in economic activity that lasts for at least a few months.

U.S. stock index futures tumbled on Friday as gloomy forecasts from megacaps Amazon and Apple heightened fears that the Federal Reserve's aggressive interest rate hikes were finally slowing the economy and could hammer corporate earnings.

European shares fell on Friday, knocked by weaker commodity prices and mixed earnings reports, as investors assessed the path for monetary policy tightening amid slowing economic growth.

Big news hit the music streaming industry when Apple (NASDAQ: AAPL) announced this week that it is raising the price of Apple Music in the United States. Formerly, the premium music subscription was $9.99 a month, but it will increase $1 to $10.99. This comes along with price hik

Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares and sending a disconcerting message about a U.S. economy that until recently had appeared to be weathering a barrage of interest rate hikes.

Overspending on Twitter Inc for $44 billion was the easy part.

Overspending on Twitter Inc for $44 billion was the easy part. Now, Telsa Inc Chief Executive Elon Musk must prove why he believes that Twitter is worth 10 times that amount and turn around a social media platform that he has spent months ridiculing.

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S&P 500 stocks are widely recognized as some of the best investments available. They offer a unique combination of stability and growth potential, making them an attractive choice for both long-term and short-term investors. The S&P 500 is made up of 500 large-cap stocks

Our recent bifurcation among major market indices was apparent once again today, with the Dow +198 points on the day, +0.62%, and the tech-heavy Nasdaq -178 points, -1.63%. The S&P 500, which includes blue-chip stocks and plenty of tech, split the difference, -0.59%.

Apple (AAPL) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.

It's funny how options sellers always seem to win in the end. They bet that stocks won't move much and collect hefty premium payments when they're right - and as Apple (NASDAQ:AAPL) demonstrated unimpressive iPhone sales growth in 2022's third quarter, stock traders hesitated while option sellers laughed all the way to the bank.

As usual, overenthusiastic message-board gurus expected Apple stock to move up or down 10%, 20%, or even more after post-earnings. In reality, Apple shares declined less than a full percentage point in after-hours trading, leaving both bulls and bears disappointed.

Perhaps this isn't such terrible news, though, during a time of high inflation, supply-chain disruptions, and overarching anxiety in the financial markets. If no news is good news, then Apple actually made the grade despite short-term traders' lofty expectations.

iPhone Sales were Adequate, but Mac was on Track

It might be an exaggeration to say that Apple "phoned it in" with lackluster Q3 2022 iPhone sales totaling $42.63 billion. After all, this result represents a decent improvement over the $38.87 billion recorded in the year-earlier quarter.

However, in today's day and age, a decent result from a giant like Apple isn't good enough for a weary, anxious Wall Street. Everybody knows that the iPhone is the product that made Apple famous - or at least, that's what people under the age of 30 probably think.

If you're old enough, you might remember that Apple first made its bones on an ancient PC called the Macintosh. This business segment is now simply called "Mac," and it's not nearly as crucial to Apple's top and bottom lines as the iPhone is.

Still, it's fairly impressive that Apple managed to grow its Mac sales from $9.18 billion in 2021's third quarter to $11.51 billion in Q3 of 2022. Notably, the company managed to achieve this during a time when PC sales are supposedly slowing.

What is a Good Buy Price for AAPL Stock?

AAPL has a Strong Buy consensus rating based on 23 Buys, four Holds, and zero Sells assigned in the past three months. The average AAPL stock price target of $183.37 implies 26.48% upside potential.

Takeaway: Apple's Overall Results were Fine but Not Mind-Blowing

So far, we've painted a bad-news, good-news picture for Apple's quarterly results. When we examine the top and bottom-line growth in Apple's third-quarter report, this decent-but-not-outstanding theme seems to persist.

Here's the need-to-know data from the report. Apple's Q3 2022 revenue increased 8% year-over-year to $90.1 billion, representing a moderate beat of the analyst consensus estimate of $88.8 billion. Meanwhile, Apple's net earnings per share of $1.29 slightly outpaced Wall Street's expectation of $1.27.

Really, then, the trading community's ho-hum response makes perfect sense. It's possible that AAPL stock will make a much bigger move to the upside or downside at some point, but for the time being, it looks like thrill-seeking investors might have to wait until Apple's next earth-shaking event.

Disclosure

Over $200 billion in U.S. stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon added to a string of downbeat quarterly reports from Big Tech companies.

 

Apple Inc on Thursday reported quarterly iPhone sales that fell short of Wall Street targets, adding to investor concerns about technology companies and sending shares down 1%, despite profit and revenue beats overall.

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

The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended with solid economic data and a mixed bag of corporate earnings.

The NASDAQ 100 After Hours Indicator is down -166.52 to 11,025.11. The total After hours volume is currently 112,655,031 shares traded.The following are the most active stocks for the after hours session: Amazon.com, Inc. (AMZN) is -21.46 at $89.50, with 16,657,310 shares traded