In terms of tech earnings, we have five of the mag seven on deck this week. Uh what are you expecting to hear. It could that potentially derail this rally if if it's not all, you know, beat and raise.Um it certainly could. It has the potential. It's all about how the market digests those type of earnings.What I think is important, one, we have very good earnings thus far. We are beating consistently. I think we're at 87% last time I checked.the mag five that are coming this week. I think it's different now ...

Group 1: Market Performance - Apple Inc (AAPL) recently traded at $269.67, surpassing a $4 trillion market cap, making it the third most valuable company after Microsoft (MSFT) and Nvidia (NVDA) [1] - AAPL reached a record price of $269.89, with a year-to-date gain of 7.4%, ahead of its fiscal fourth quarter report on October 30 [2] - Microsoft (MSFT) is trading at $542.52, up 27% year-over-year, and is set to report fiscal first-quarter earnings on October 29 [3] - Nvidia (NVDA) is trading at $195.67, with a modest quarterly gain of 5%, and is expected to report earnings in late November [4] Group 2: Options Activity - Call options for AAPL, MSFT, and NVDA have seen increased popularity, with AAPL's 50-day call/put volume ratio at 2.46, ranking higher than 77% of readings from the past year [5] - MSFT's and NVDA's 50-day call/put volume ratios are 2.16 and 2.22, ranking higher than 93% and 75% of annual readings, respectively [5] - Options for AAPL, MSFT, and NVDA are considered affordable, with their Schaeffer's Volatility Index (SVI) ranking in the 34th percentile or lower of their annual range [6]

Core Insights - Apple shares have increased approximately 7% in 2025, recovering from a year spent largely in negative territory [1][5] - The company is set to report its fiscal fourth-quarter earnings, with traders anticipating a potential stock movement that could reach new highs [1][8] Earnings Expectations - Analysts expect growing revenues and profits from Apple, with options pricing indicating a potential stock movement of about 4% in either direction following the earnings report [2][8] - A record close near $269 could see shares rise to around $280 or fall to approximately $258 [2] Recent Performance - Historically, Apple's earnings reports have led to a "sell the news" reaction, with shares declining after the last four earnings announcements [3][4] - In July, despite exceeding earnings estimates and achieving record services revenue, concerns regarding AI advancements negatively impacted the stock [3] Investor Sentiment - Investors are particularly interested in updates regarding Apple's AI roadmap and the sales performance of the iPhone 17 lineup during the upcoming earnings call [6] - Analysts are divided on Apple's stock ratings, with an equal number of neutral and "buy" ratings, and a mean target suggesting a nearly 9% pullback from the recent record close [6]

Group 1: Amazon.com Inc. - Amazon is expected to post steady third-quarter gains driven by strong performance in cloud, advertising, and retail [1] - Analyst Mark Mahaney projects Amazon's revenue at $178 billion and operating income at $19.5 billion for the third quarter [3] - AWS revenue is anticipated to grow 18% year over year, with North American retail revenue expected to reach $104.7 billion (up 10% YoY) and International retail revenue at $41.2 billion (up 15%) [4] - Advertising growth is expected to remain strong, supported by Prime Video and connected TV partnerships [4] - Automation in fulfillment centers is expected to yield cost efficiencies, and expanding Prime Same-Day to grocery delivery enhances customer engagement [5] Group 2: Apple Inc. - Apple is positioned for a strong quarter, benefiting from robust iPhone 17 demand and easing headwinds in its Services segment [6] - Analyst Amit Daryanani forecasts revenue growth of around 8.6% sequentially, with gross margins expected between 46% and 47% [6] - 59% of surveyed consumers plan to buy the iPhone 17, above the historical average of 45% [7] Group 3: Microsoft Corp - Microsoft is expected to deliver a strong fiscal first-quarter performance, driven by accelerating momentum in Azure and AI [7] - Analyst Kirk Materne anticipates Azure's growth to exceed company guidance, with AI emerging as a key catalyst [8] - Capital expenditures are expected to remain elevated as Microsoft expands its data center footprint, with continued investments in AI infrastructure sustaining long-term growth [8]

Core Insights - Strong demand for the new iPhone 17 series has driven Apple's market capitalization above $4 trillion, making it the third public company to reach this milestone [1][2] - The iPhone 17 series has outperformed its predecessor, the iPhone 16, by 14% in sales during the first 10 days of availability in the U.S. and China [2] - Apple has also launched new versions of its iPad Pro, Vision Pro, and MacBook Pro ahead of the holiday shopping season, indicating a strategic push to enhance its product lineup [3] Market Performance - Apple's stock price has been positively impacted by the success of the iPhone 17 series and a reduction in tariff pressures [2] - JPMorgan raised its price target for Apple from $255 to $280, maintaining an Overweight rating and increasing revenue and earnings per share estimates based on early demand indications [4] - Morgan Stanley noted positive early signs that iPhone replacement cycles may be stabilizing and upgrade rates improving [5] Consumer Insights - The base model iPhone 17 is performing well in China, perceived as offering "great value for money," while the iPhone 17 Pro Max is gaining traction in the U.S. due to increased carrier subsidies targeting ultra-premium customers [3] - The emphasis on Pro Max offers is making high-end Apple devices more accessible, reinforcing premiumization trends and strengthening customer loyalty to the Apple ecosystem [3]

It's time to spotlight this week's mag seven earnings. Joining us now is Shiraz Mian, the director of research at Sachs Investment Research. Shiraz, thank you for being with us ahead of this allimportant week.You know, as far as the mag seven results, how important is their performance for the broader market. >> Uh well, uh it is very important because they uh account for so much of the S&P 500 index uh in terms of the market cap. uh and then in recent years they have also been uh like really sizable contri ...

Core Insights - Apple Inc and Microsoft Corp have officially joined the $4 trillion club, marking a significant milestone in the technology sector's valuation race [1] - The surge in valuation is primarily driven by strong sales of the iPhone 17 [1] Company Performance - Apple Inc's valuation has been bolstered by the successful launch and sales of the iPhone 17 [1] - Microsoft Corp's performance also contributes to the overall valuation increase, reflecting strong demand for its products and services [1] Industry Trends - The achievement of the $4 trillion valuation club highlights the competitive landscape within the technology sector [1] - This milestone indicates a growing trend of high valuations among leading tech companies, showcasing their market dominance [1]

Core Insights - Apple achieved a market value of over $4 trillion for the first time, becoming the third Big Tech company to reach this milestone, following Nvidia and Microsoft [1][8] - The stock price remained stable at $269 after reaching an all-time high, with shares gaining approximately 13% since the launch of new iPhone models on September 9, marking a significant recovery for the year [1][3] iPhone Performance - The iPhone constitutes over half of Apple's profit and revenue, and increased sales drive customer engagement within Apple's ecosystem [3] - The latest iPhone models, including the iPhone 17 and iPhone Air, have attracted customers globally, with early sales of the iPhone 17 outperforming its predecessor by 14% in key markets like the US and China [4][5][7] Market Expectations - Analysts predict that strong demand for the new iPhones will enable Apple to exceed market expectations for the quarter ending in September and provide positive forecasts for the December quarter [7] - Apple's shares are currently trading at 33.2 times projected earnings for the next 12 months, which is higher than the Nasdaq 100's 27.42 [17] Competitive Landscape - Earlier in the year, Apple faced challenges due to competition in China and uncertainties regarding high US tariffs on Asian manufacturing hubs [4] - The iPhone Air's design is seen as a competitive advantage against rivals like Samsung Electronics [5] AI Strategy Concerns - Apple's cautious approach to artificial intelligence has raised concerns about its potential to miss out on significant growth opportunities in the industry [9][13] - Reports indicate that Apple is losing senior AI executives to competitors like Meta, and the rollout of its AI initiatives has been slower than expected [9][12]

Core Insights - Apple has become the third company in history to achieve a valuation of $4 trillion, joining Nvidia and Microsoft in this milestone [1] - The surge in Apple's stock price has been attributed to the recent unveiling of its latest line of iPhones [1] Company Performance - Apple's shares have experienced significant growth in recent weeks following the launch of new products [1]

Core Insights - Apple Inc's market capitalization reached a historic $4 trillion on October 28, making it the third public company to achieve this milestone after Nvidia and Microsoft [1][4] - The increase in share price is attributed to strong demand for the iPhone 17 series, which outsold the iPhone 16 series by 14% in their first 10 days on sale in China and the United States [1][2] - Since April, Apple's shares have increased by over 56%, adding approximately $1.4 trillion in market value [2] Product Launches - In addition to the iPhone 17 series, Apple launched new versions of the iPad Pro, Vision Pro, and entry-level MacBook Pro featuring the new M5 chip, which are expected to boost retail sales ahead of the holiday season [2] Analyst Perspectives - Analysts noted that while Apple has lagged in the artificial intelligence (AI) sector, its consumer products have been successful. Dan Ives from Wedbush Securities highlighted that reaching the $4 trillion market cap is a significant achievement for Apple [3] - Loop analyst Ananda Baruah upgraded his view on Apple stock to "buy" from "hold," indicating that the company is at the beginning of a long-anticipated adoption cycle [3] Market Position - Apple is now part of the exclusive $4 trillion market cap club, joining Nvidia and Microsoft, which also reached this milestone recently [4] - Despite being one of the largest companies globally, analysts are divided on Apple, with the lowest ratio of buy recommendations among the Magnificent Seven companies, except for Tesla [5]