Analysts are expecting Apple’s fiscal Q3 2018 earnings announcement later today won’t be dazzling, but at least one analyst believes AAPL stock could rise, no matter how things shake out.
CNBC financial editor Jim Cramer believes Apple doesn’t have to report strong numbers, it simply has to report earnings that aren’t as low as some are expecting.
Apple shares could very well rally on “better-than-feared” earnings, even if quarterly numbers are not that great […]
“I know it’s a big week for earnings, but I’m really focused on Apple,” Cramer said Monday on Squawk Box. “There’s a lot of thought that Apple, people are so bearish on it, that it can rally on a subpar number” […]
If Apple were to eke out a quarterly beat when it reports after the bell Tuesday, that may be enough to also continue an uptrend trend in the overall stock market, Cramer added.
“That’s been the theme: When you have this better than feared, the stocks go higher,” he said. “It’s all about better than feared. People really feared this earnings period.” He added, “It turns out that that fear was not justified.”
We’ll find out for sure later today, when Apple announces it Q3 2019 earnings. The earnings call will be live-streamed on Investor Relations website from 2 p.m. PT/5 p.m. ET. We’ll report on the AAPL numbers once they’ve been released.
(Via 9to5Mac)