Apple (AAPL - Free Report) reported fourth quarter earnings on Thursday after the bell. Earnings and revenues did beat analyst expectations, but soft Q1 guidance and a miss on iPhone sales left many investors worried.
Another announcement that shook investors was that Apple would no longer be reporting iPhone—or any other product—sales numbers on future earnings calls. CEO Tim Cook and CFO Luca Maestri explained that they believe unit sales had grown less important than total dollar revenue. And, they said that Apple’s other lines of business were increasingly important, like its Services division.
But this explanation did not calm investors’ fears. Citi analyst Jim Suva said: “some investors will view this as a negative that the company is trying to hide information that in the past was so important to assess the company's strength.” AAPL stock was trading down 6.5% in mid-morning trading Friday.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Apple (AAPL - Free Report) reported fourth quarter earnings on Thursday after the bell. Earnings and revenues did beat analyst expectations, but soft Q1 guidance and a miss on iPhone sales left many investors worried.
Another announcement that shook investors was that Apple would no longer be reporting iPhone—or any other product—sales numbers on future earnings calls. CEO Tim Cook and CFO Luca Maestri explained that they believe unit sales had grown less important than total dollar revenue. And, they said that Apple’s other lines of business were increasingly important, like its Services division.
But this explanation did not calm investors’ fears. Citi analyst Jim Suva said: “some investors will view this as a negative that the company is trying to hide information that in the past was so important to assess the company's strength.” AAPL stock was trading down 6.5% in mid-morning trading Friday.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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