“Now that the Greek elections came and went with nothing more than a murmur, markets-wise, traders now turn their attention to Apple, the straw that stirs the tech drink,” Shawn Langlois writes for MarketWatch. “And if that straw follows up Microsoft’s drab quarterly results with anything other than Wall Street catnip, the market’s reaction promises to be a bit more gutting.”
“How important is Apple to the IT sector? The blended earnings-growth rate for the entire group is 3.8%. Take Apple out of that, and the growth rate is basically flat, according to FactSet,” Langlois writes. “Not much room for disappointment here.”
“But considering Apple’s momentum in recent months, don’t bet on anything other than fireworks. Big numbers are expected, and big numbers almost certainly will be delivered. Just ask the options market, where Ophir Gottlieb of Capital Market Laboratories says risks are running high,” Langlois writes. “(How high are they running?) ‘Higher than at any point in the last year, including four prior earnings releases,’ he warned. “’So buckle up. The information Apple is about to share is enormous.'”
Read more in the full article here.
MacDailyNews Note: Apple will report earnings on Tuesday. We will post the results as soon as they are available, right around 1:30pm PST/4:30pm EST.
As usual, we will cover the conference call with live notes. Check our home page at approximately 1:45pm PST/4:45pm EST for the coverage link.
Apple CEO Cook set to tackle five key questions in earnings conference call today – January 27, 2015
Apple to webcast fiscal year Q115 results conference call on January 27th – January 23, 2015