Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.
Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share. On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.J.P. Mo
Apple Could Crush Earnings Estimates. One Analyst Explains How.
While you weren’t looking, Apple shares have rallied about 12% over the past two weeks, as investors turn their attention to the company’s upcoming March-quarter financial results. There are reasons to think more gains could follow.Evercore ISI analyst Amit Daryanani this morning repeated his Outperform rating and $175 target price on Apple shares , while adding the stock to the firm’s Tactical Outperform list.“While the supply chain issues are real, we expect Apple will be relatively protected