From Nasdaq: 2024-05-03 18:04:00

Apple and Amazon helped fuel a rally in the markets after the Fed Chair’s rate hike comments. Apple exceeded Q2 expectations with an all-time high EPS of $1.53 and record sales in several countries. They also announced a dividend increase and $110 billion for share repurchases.

Apple’s annual earnings are expected to rise in fiscal 2024 and 2025, with total sales projected to increase to $403.72 billion in FY25. Despite regulatory concerns, Apple continues to expand globally. Bitcoin has historically outperformed all other assets, with significant returns in past presidential election years.

Significant surges in Bitcoin are predicted in the months to come. For more information and stock analysis reports on Apple and Amazon, visit Zacks Investment Research.



Read more at Nasdaq: Time to Buy Apple’s Stock After Record Q2 EPS?