Apple Quarterly Results: For investors, especially those with a close eye on tech companies, the next few days are going to be quite interesting. The reason for this is simple: quarterly results are expected from some of the biggest companies in the world, including but not limited to Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG). This is the week many have been waiting for, so it is going to be interesting to see how things shake out in the days to come.
The Martin Luther King Jr. holiday may be slowing things down today, as far as the market is concerned, but it is nothing more than the “calm before the storm.” In other words, the next couple of days are sure to bring plenty of good debate and conversation.
Apple Inc. (NASDAQ:AAPL) Press Info
First up on Tuesday will be results from Google Inc (NASDAQ:GOOG). While there are many people who will have their eyes on this company, most are waiting for the “big show” on Wednesday. This is when Apple Inc. (NASDAQ:AAPL) will release its report.
As quoted in an interview with MarketWatch, Phil Orlando of Federated Investors is expecting some fireworks
“It’s the most important stock in the stock market. Everyone will be interested in what to see what their numbers are and what their guidance will be.”
Orlando could not be any more right regarding his feelings regarding what Wednesday will bring.
Here is some more information from the same MarketWatch article:
“Apple holds significant influence on the U.S. market as its shares have a 3.8% weight in the S&P 500 Index SPX +0.34% and a 10% weight in the Nasdaq Composite Index COMP -0.04%. Their impact was felt this week as the stock dropped about 4% ahead of the Silicon Valley company’s results.”
“An upside earnings surprise from Apple could boost its shares and strengthen sentiment in the tech sector. Unlike the past nine quarters, Apple isn’t predicted to be the largest contributor to sector earnings growth at the company level, according to FactSet. If the company were to report a year-over-year fall in earnings, it would be the first time since the second quarter of 2003, the research and data provider said.”
As you can see, the information being released by Apple Inc. (NASDAQ:AAPL) on Wednesday is going to effect the entire U.S. market, not just the company and its investors.