Apple (AAPL) Estimates Lowered Before Earnings

Apple (AAPL) earnings will be released today, February 2nd, postmarket. Caroline Woods joins Alex Coffey and Jenny Horne to discuss AAPL. They talk about how APPL's earnings estimates came in at $1.29 vs an estimated $1.26 adjusted EPS. They note that APPL could see a pullback in demand, as computer sales are slumping. They also talk about how notorious APPL bull, Dan Ives, lowered his price target a while ago but thinks that the demand for the iPhone 14 will be strong. Alex then demonstrates an example trade using AAPL. The trade type is a buy a call condor and the direction is bullish. Tune in to find out more about the stock market today.