The Week Ahead: Reports From Apple, Facebook, Starbucks
The earnings drive continues with Coca-Cola, BP, GE, and major oil firms. Plus, October's jobs report.
Jeremy Glaser: It's a busy week for both data and earnings. Apple's last quarter was marked by double-digit revenue growth as iPhone users traded up to higher priced iPhone Xs. The premium pricing of the recently released XS and XS Max leads Abhinav Davuluri to believe the firm is happy with its current strategy. He expects relatively constant unit sales over time, but for average selling prices to keep going up. He sees shares as slightly overvalued heading into earnings.
Facebook had mixed results in the second quarter with the social network providing disappointing margin guidance. Ali Mogharabi is confident though that the firm will be able to successfully roll out new products and monetize users over time. He thinks the market is too pessimistic today.
Jeremy Glaser does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.