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热议:苹果、微软等巨头财报来袭,谁能撑起美股信心?

Hot discussion: Apple Inc, Microsoft Corp and other giants financial results attack, who can prop up the confidence of US stocks?

富途資訊 ·  Apr 25, 2022 15:51

Fears that the fed would raise interest rates quickly sparked a sell-off, with all three major u.s. stock indexes falling more than 2% on Friday, and the Dow plunged nearly 1000 points, the biggest one-day drop since the end of October 2020.

The Federal Reserve frequently appears "eagle's claws". In the face of the sharp adjustment in US stocks, some netizens' feelings are as follows:

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I have to say, the US stock market was a mixture of ice and fire last week, and the market severely punished the companies that announced the bad news.$Netflix Inc (NFLX.US) $The share price plummeted 35% after the first quarter results were released.$Tesla, Inc. (TSLA.US) $It rose 5% in after-hours trading due to excellent results in the first quarter.

Looking forward to this week, the trend of US stocks will also usher in a new test, star technology stocks.$Apple Inc (AAPL.US) $$Microsoft Corp (MSFT.US) $$Amazon.Com Inc (AMZN.US) $$Alphabet Inc-CL C-A (GOOGL.US) $The results will be disclosed successively, and the total market capitalization of these four enterprises accounts for about$S & P 500 (.SPX.US) $1/5 of the weight.

The performance of these tech giants is likely to determine whether US stocks can sound the clarion call to stop falling and rebound.

What are the issues that the market is most concerned about when the tech giants release the list in turn?

Since the beginning of this year, Apple Inc has fallen 9%, while Amazon.Com Inc, Alphabet Inc-CL C and Microsoft Corp have all dropped more than 13%. Can their performance bring new hope to US stocks?

From the perspective of specific companies, for the performance of Microsoft Corp and Alphabet Inc-CL C, who are the first to make their debut, analysts are optimistic about the profit prospects of the former.The market will pay close attention to the impact of geographical factors on Microsoft Corp's vital cloud computing business.

For advertising giant Alphabet Inc-CL C, according to a report by Bloomberg analyst Singh:Alphabet Inc-CL C will outperform her peers in advertising business.Mainly due to its diversified business and strong search engine advertising functions, revenue growth will not slow sharply. Cloud growth is expected to be about 40 per cent, but YouTube's advertising growth is likely to slow.

Among the tech giants, the results were thunderous last quarter.$Meta Platforms (FB.US) $There is no doubt that there will be a big test, and in early February, Meta reported results that missed expectations, causing the share price to plunge nearly 30% overnight, wiping $250 billion off its market capitalization.

Can Meta turn things around in the new quarter? Analysts believe that the change in Apple Inc's privacy policy has brought disadvantages to Meta, which weakens Meta's ability to deliver targeted ads. RBC Capital Markets wrote in the research paper, "in view of this problem,Meta is likely to experience another rough quarter」。

Can the performance of Apple Inc and Amazon.Com Inc, who came out as the finale, produce satisfactory results? Analysts expectAmazon.Com Inc's net profit will fall sharply from a year earlier because its performance in the same period last year was too strong, but revenue growth is likely to accelerate in the coming quarters.

As a retail hegemon, high inflation and epidemic-related costs have a significant impact on the profit margin industry of the retail business, but higher margins for advertising, subscription and cloud services are expected to offset these negative effects.

It is worth mentioning that Apple Inc, as the most high-profile stock this week, may affect the market's final market attitude towards US stocks.

Apple Inc's users are also more stable because they do not earn advertising money.As a result, Wall Street is generally optimistic about Apple Inc and sees him as a relatively safe haven in volatile markets.

Morgan Stanley analyst Huberty even described the first quarter of 2022 as "another blockbuster for Apple Inc"Its revenue is expected to be much higher than Wall Street expected. She kept Apple Inc's 12-month share price estimate at $210, about 30 per cent higher than Friday's closing price.

Wells Fargo & Co analyst Rakers believes that Apple Inc's iPhone shipments in the first quarter can reach 54 million to 58 million units, with revenue between $45 billion and $48 billion, and the M1 chip developed by Apple Inc can push it to occupy more market share.

In addition, analysts will pay attention to the latest management guidance on buybacks and dividends, and the pace of buybacks is expected to remain solid.Since the announcement of the share buyback and dividend strategy in March 2021, Apple Inc has returned more than 95 per cent of his free cash flow to investors.

According to the market view, in the current depressed market mood, if the performance of technology stocks such as Apple Inc keeps up with or even exceeds market expectations, they may be able to turn around with the market; but if even the performance of these companies falls short of expectations, then the haze hanging over US stocks will continue to appear.

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Magnates such as Apple Inc and Microsoft Corp have made their debut in turn.

Can the market regain confidence?

Will there be any tech giants going down this earnings season?

Which company are you most looking forward to?

You are welcome to share your views in the comments area.

Edit: corrine/ping

The translation is provided by third-party software.


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