“U.S. stock index futures edged higher over the weekend, and then opened Monday with additional gains, extending the momentum from Friday’s session when major indexes surged to new highs,” Sebastian Silva writes for Real Money. “Jim Cramer, Portfolio Manager of the Action Alerts PLUS charitable trust said he’s watching Apple earnings for Apple Watch orders, updates on Apple Pay as well as Apple TV and the iPhone, which he said he thinks will post ‘remarkable’ results.”
“Apple’s iPhone sales in China may have exceeded the U.S. for the first time in the latest quarter, Bloomberg reported,” Silva writes. “‘Here’s the key thing about Apple. It’s still a very-low-multiple stock, and that’s why I stay drawn to it,’ Cramer added, urging investors to own the stock, not trade it.”
Read more in the full article here.
MacDailyNews Note: We’ll have Apple’s results right around 4:30pm EDT today and then cover the conference call starting at 5pm EDT. Wall Street analysts’ consensus calls for Apple to deliver earnings of $2.16 per share on revenue of $56.06 billion, according to Thomson Reuters; a 30% and 23% increase year-over-year, respectively.
Apple to release Q215 earnings, webcast live conference call on April 27th – March 31, 2015