Last night, Apple (AAPL) posted third-quarter results that demonstrated strength in iPhone sales. The firm overcame a decline in sales in China by reporting improving iPhone sales.
iPhone sales fell by 0.9%, compared to a 2.2% decline analysts expected. In Q3, Apple earned $1.40 a share. Net sales of $85.78 billion is up by 4.9% Y/Y.
AAPL stock may have much upside from here. The stock trades at a P/E in the low- to mid-30s multiple. Still, the strong services revenue is a bright spot.
Amazon (AMZN) will fall by over 6% today. The company reported an EPS of $1.26, Revenue grew by 10.2% Y/Y to $148 billion. Although the AWS segment is strong, advertising revenue did not meet expectations.
AMZN is an attractive stock whenever it dips. The business generates $53 billion in free cash flow quarterly. When the business eventually matures, Amazon may issue a dividend that yields at least 2%.
Boeing (BA) is the aerospace stock to watch. The new CEO, Kelly Ortberg, will lead the company starting next week. Ortberg is a former Rockwell Collins leader. He is un-retiring to fix Boeing.
Among the stocks that may rise further today are CH Robinson (CHRW), which will open at a new high. FMC, up by 10.25% on Thursday, after posting Q2 revenue rising by 3% Y/Y to $1.04 billion.
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