Apple Earnings Outlook Uncertain as Market Awaits Fed Decision
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: CNBC
- Earnings Week Ahead: Next week features earnings reports from major companies including Nucor, Boeing, and Apple, with Cramer noting Nucor's stock has rebounded due to investor hopes for rate cuts, despite a lackluster mid-quarter update.
- Market Reaction Expectations: Cramer believes Boeing's stock has rallied significantly over the past two months, so investors shouldn't expect another major jump post-earnings, but he advises holding onto the stock as its turnaround story is just beginning.
- Industry Dynamics Analysis: Wednesday will see earnings from Corning, Danaher, and Starbucks, with Cramer optimistic about Danaher's performance, citing a resurgence in biotech orders that could drive strong results.
- Fed Decision Impact: The Federal Reserve will announce its latest interest rate decision on Wednesday, with the market widely expecting rates to remain unchanged; Cramer highlights that a potential announcement regarding the replacement of Fed Chair by Trump could have a more significant market impact.
Analyst Views on GEV
Wall Street analysts forecast GEV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEV is 769.15 USD with a low forecast of 475.00 USD and a high forecast of 1000.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
16 Buy
6 Hold
1 Sell
Moderate Buy
Current: 661.670
Low
475.00
Averages
769.15
High
1000.00
Current: 661.670
Low
475.00
Averages
769.15
High
1000.00
About GEV
GE Vernova Inc. is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. It designs, manufactures, delivers, and services technologies to create a sustainable electric power system, enabling electrification and decarbonization. Power segment includes the design, manufacture, and servicing of gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. Wind segment includes its wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification segment includes grid solutions, power conversion and storage, and electrification software technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. Its accelerator business includes advanced research, consulting services and financial services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
