Elevated expectations weigh on Apple:

AAPL-US a post-earnings laggard with elevated expectations seemingly biggest overhang. Fiscal Q4 revenue and EPS largely in line. iPhone unit sales of 45.5M ahead of 44.8M consensus. Gross margin of 38% at high end of guidance. ASP lower than some expected. Lot of discussion about how iPhone supply constraints limited upside. In addition, expected to […]

Cloud momentum boosts Microsoft:

Microsoft (MSFT-US) a standout following its fiscal Q1 results out after close on Thursday. Stock hit an all-time high in after-hours trading Revenue and EPS both ahead of expectations. In addition, company beat consensus revenue in each of its three segments. Cloud momentum the widely cited positive. Commercial cloud run hit pushed above $13B, marking […]

Busy day of earnings:

AXP-US a standout on lower costs. Low expectations have also helped. URI-US underpinned by better rental rates and guidance. LSTR-US a bright spot following its beat and raise and better truckload commentary than peers. MAT-US a notable gainer with Street positive on turnaround traction. Barbie a bright spot. CTXS-US beat with focus on strength in […]