Payrolls, slumping stocks, Apple, Amazon - what's moving markets

5 analysts discuss Apple stock after earnings: 'The best is yet to come'

Following Apple's (NASDAQ: AAPL) latest earnings report, five analysts have weighed in on the stock, highlighting a generally positive outlook. Despite varying degrees of enthusiasm, one analyst suggests that the best is yet to come for Apple.

Bernstein praised Apple's fiscal Q3 performance, noting that results were "modestly ahead of consensus" with revenues growing 5% and services expanding by 14%. Bernstein emphasized Apple's strong free cash flow and its restrained capital expenditures, describing Apple's approach as "capital-light," which mitigates overinvestment risks.

They raised their FY24 and FY25 EPS estimates and reiterated... More

Apple stock is a good place to hide as market selloff accelerates

As the market selloff accelerates, Apple (NASDAQ: AAPL) emerges as a resilient stock and a safe haven for investors, according to Needham & Company analysts.

Apple reported impressive fiscal Q3 2024 results with revenues of $85.8 billion, operating income of $25.4 billion, and diluted EPS of $1.40, surpassing analyst estimates. Despite a slight decline in iPhone revenues, Apple's robust financial performance... More

Apple (AAPL) PT Raised to $245 at Monness, Crespi, Hardt

Monness, Crespi, Hardt analyst Brian White raised the price target on Apple (NASDAQ: AAPL) to $245.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "Apple, Inc. (AAPL Buy $218.36): Raising Estimates and Increasing Price Target to $245. Last night, Apple reported 3Q:FY24 upside and... More

Intel (INTC) PT Lowered to $25 at Citi

Citi analyst Christopher Danely lowered the price target on Intel (NASDAQ: INTC) to $25.00 (from $35.00) while maintaining a Neutral rating.

The analyst comments "Yesterday after the close, Intel reported results and guidance well-below Consensus mainly due to weakness in its PC businesses (58% of 2Q24... More

ExxonMobil (XOM) tops Q2 earnings, revenue expectations

ExxonMobil (NYSE: XOM) reported better-than-expected second-quarter earnings and revenue on Friday, sending its shares up 2.17% in early trading.

The oil and gas giant posted adjusted earnings of $2.14 per share, surpassing analyst estimates of $2.03. Revenue for the quarter came in at $93.06 billion, beating the consensus forecast... More

Apple (AAPL) PT Raised to $261 at Rosenblatt, Maintains Buy, 'Decent Warm Up Before the Big AI Show'

Rosenblatt analyst Barton Crockett raised the price target on Apple (NASDAQ: AAPL) to $261.00 (from $260.00) while maintaining a Buy rating.

The analyst comments " iPhone -- The iPhone installed base was said to have grown to a new all-time high in total and in every geographic segment. iPhone was the top seller in the US, urban China, the... More

William Blair Reiterates Outperform Rating on Amazon.com (AMZN)

William Blair analyst Dylan Carden reiterated an Outperform rating on Amazon.com (NASDAQ: AMZN).

The analyst comments "Missing revenue and guiding lower, even modestly, is a tough look in the current market, although we believe it is an increasingly understandable position looking at recent earnings. What is more, we... More

Chevron (CVX) misses earnings expectations on lower refining margins

Chevron (NYSE: CVX) reported second quarter earnings on Friday morning with its profit falling short of analyst expectations, as lower refining margins weighed on results despite record production in key regions.

The oil giant's stock slipped 2.4% following the release.

The company posted adjusted earnings of $4.7 billion, or $2.55 per share, missing the consensus estimate of $2.94 per share. Revenue came in at $51.18 billion, surpassing analyst projections of $48.68 billion.

Chevron's worldwide net oil-equivalent production rose 11% YoY to 3.29 million barrels per day,... More

Intel (INTC) PT Lowered to $27 at Cantor Fitzgerald

Cantor Fitzgerald analyst C.J. Muse lowered the price target on Intel (NASDAQ: INTC) to $27.00 (from $40.00) while maintaining a Neutral rating.

The analyst comments "Intel missed both June results and September guide across nearly every metric weaker topline for nearly every segment in the June Q (worst in DCAI) and revenues for the September Q missing by $1.5B or 10% (Client guided lower Q/Q vs. typically seasonally strong) while Gross Margins for both June/September missed consensus by 500bps/780bps. The major culprit to Gross Margins was migrating Meteor Lake to Intel 4/3... More

Intel (INTC) PT Lowered to $25 at Roth/MKM

Roth/MKM analyst Suji Desilva lowered the price target on Intel (NASDAQ: INTC) to $25.00 (from $35.00) while maintaining a Neutral rating.

The analyst comments "INTC guided 3Q24 revenue and gross margin well below consensus reflecting higher than expected client product costs. While... More

Susquehanna Reiterates Positive Rating on Amazon.com (AMZN)

Susquehanna analyst Shyam Patil reiterated a Positive rating and $220.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "2Q fine overall. Revenue of $148b grew 11% y/y ex-FX, decelerating two points vs. 1Q, and was 1% above our estimate but a touch below consensus. Online stores revenue grew 6% y/y ex-FX, 1% above our estimate but 1% below consensus. Paid units were up 11% y/... More

Intel (INTC) PT Lowered to $27 at Deutsche Bank

Deutsche Bank analyst Ross Seymore lowered the price target on Intel (NASDAQ: INTC) to $27.00 (from $38.00) while maintaining a Hold rating.

The analyst comments "Beyond delivering in-line 2Q revenue, the companys report was disappointing on nearly every other near-term financial metric with... More