The Week Ahead: Earnings From Apple, Facebook, Berkshire Hathaway, and More
The Fed’s meeting is scheduled for next week, sparking speculations of another interest-rate cut.
The heavy rollout of earnings continues this week. We are watching for earnings releases from tech giants Apple (AAPL) and Facebook (FB). Our analysts are not forecasting a rebound in iPhone unit sales this year, based on Apple’s product showcase in September where the iPhone 11 demonstrated marginal product improvements. Analysts also suspect many users will opt to wait for a 5G-compatible iPhone in 2020, and this is particularly true in Chinese markets.
Facebook continues to face criticism and scrutiny from consumers and politicians; CEO Mark Zuckerberg stood in front of Congress for questioning last week. However, Facebook demonstrated strong second-quarter performance, powered by its user growth, steady engagement, and higher user monetization.
Jess Liu does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.