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01.08.2023 13:05

Inside time: Apple buy, Pfizer sell



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Inside time: Apple  buy, Pfizer  sellWall Street stocks ended the week positively as investors cheered on data showing slower inflation and higher-than-expected earnings. This reduces the degree of panic and makes you think rationally.Apple Inc. (NASDAQ: AAPL)Apple will be the last FAAMG company to report quarterly results for the third fiscal quarter  we expect the publication on Thursday, but we believe that Apple shares can already be bought.The company could shake things up by updating its AI strategy and adding more details about its upcoming Vision Pro mixed reality headset, which is scheduled to debut in early 2024.Strong growth in the services division and strong demand for the high-end iPhone lineup are expected to offset Apple's continued weakness in other areas of the business. Earnings per share are expected to be in the $1.19 zone, down 0.8% from $1.20 a year earlier. However, according to the options market, after the report, traders expect a short-term AAPL price move of about 3% in either direction, with a strong reversal to the upside.The first target: $218.50-220, with the support of a positive foundation, the $240 zone will be relevant.Pfizer Inc (NYSE: PFE)Pharmaceutical giant Pfizer is struggling amid the end of the pandemic and investor panic due to a sharp decline in revenue. Covid-19-related vaccine and antiviral drug sales in 2022 were at $57 billion (57% of the company's total revenue), and it is very difficult to compensate for such losses through in-house development. Expectations for the report for the third quarter are gloomy: earnings per share do not exceed $0.59 (-71% from last year).The first target: is $35 with a sharply negative forecast a fall to $34.20 is possible.We study all reports carefully and do not forget about the risks.Profits to yall!#ForexChief #market #forexnews #stocks #worldnews #profit #StockMarket #Pfizer #nyse #Apple #nasdaq

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