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HedgeWeekly Stockwatch: Apple and Palantir report tonight as Kioxia falls 15.8%
Apple and Palantir report after the bell, Kioxia drops on soft guidance, and AMD is up next on Tuesday.
HedgeWeekly Markets Desk ·
AAPL, Apple: Fiscal fourth-quarter results land after the bell. Analysts expect earnings of $1.99 a share on revenue of $113.4 billion, TipRanks reported; options price a move of about 4.25%. Bull case: Monness's Brian White expects iPhone revenue up 16% and services up 10%, TipRanks reported. Bear case: Bernstein says September iPhone unit sell-through fell 9%, ending 18 months of unit growth.
PLTR, Palantir Technologies: Third-quarter results after the bell, call at 5 p.m. ET. MarketBeat puts consensus at about $0.41 a share on revenue of $2.18 billion, against company guidance near $2.16 billion. Bull case: Second-quarter earnings of $0.41 beat the $0.34 consensus, and revenue of $1.94 billion beat $1.81 billion. Bear case: It reports days after the Nasdaq 100 briefly entered a correction on worries over AI spending.
285A, Kioxia Holdings: The memory maker guided current-quarter operating profit to ¥2 trillion, about 14% below the ¥2.32 trillion consensus, Investing.com reported. Shares fell 15.8%, AP said. Bull case: Last quarter's ¥1.99 trillion operating profit matched forecasts; all surplus cash goes to shareholder returns. Bear case: Guidance assumes flat volumes and only low-single-digit price gains, with no share buyback announced.
AMD, Advanced Micro Devices: The next big chip report after Friday's 7.2% drop in a chipmaker index. Consensus earnings are $1.68 a share, against $0.97 a year earlier, Stock Titan's calendar shows. Bull case: The company guided third-quarter revenue to about $13 billion, plus or minus $300 million. Bear case: Chip stocks are fragile after Intel's worst day since 1974 and heavy AI-spending worries.