Markets are taking a bad hit on earnings.
However, we are still seeing standout opportunities with stocks like Apple (AAPL). Up about $1 in pre-market, the company beat earnings expectations. EPS of $1.40 beat estimates for $1.35. Revenue of $85.78 billion was better than expectations for $84.53 billion. iPhone revenue was $39.3 billion, which was better than estimates for $38.81 billion.
With artificial intelligence, CEO Tim Cook said that “while Apple can’t yet speak to the positive sales impact from its newly announced Apple Intelligence service until it starts shipping to customers later this fall, he said the company has boosted spending to get the service ready,” as noted by CNBC.