From Nasdaq: 2024-05-03 15:42:00

Earnings season sees strong results, especially in the technology sector. Companies like Apple, Eaton, and Spotify post quarterly records, driving buying pressure post-earnings.

Apple reports a beat on earnings and revenue, with a record-breaking Services revenue. Despite weak iPhone sales, the company announces a $110 billion buyback.

Eaton delivers impressive results, with record EPS, sales, and margins. The company raises guidance and analysts revise earnings expectations higher, maintaining a Zacks Rank #2.

Spotify beats expectations with stellar growth in EPS, sales, and subscribers. The company sees record profitability and holds a Zacks Rank #1 post-earnings.

Bitcoin remains the highest return asset class, outperforming in three consecutive presidential election years. Zacks predicts significant future growth for the cryptocurrency.



Read more at Nasdaq: These 3 Companies Shattered Quarterly Records