The Week Ahead: Apple Earnings, Jobs Report
We're expecting results from McDonald's, Snap, CBS, and Kraft Heinz. Plus, the Fed likely to stand pat on rates.
Jeremy Glaser: It will be a full week on both the earnings and data front. Shares of Apple have been under pressure in recent weeks over smartphone slowdown fears. The firm's earnings on Tuesday will provide an update on how demand is holding up.
Pharma giants Pfizer and Merck both are due to report this week and both are trading in 4-star territory. McDonald's has been moving to recapture customers through both value and experience improvements. Analyst R.J. Hottovy thinks the firm is operating from a position of strength now and sees shares as undervalued. Other earnings include Snap, Under Amour, CBS, and Kraft Heinz.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.