The iPhone Is Still King For Apple (AAPL) Earnings

Apple (AAPL) is up over 27% year-to-date. Alex Coffey and Jenny Horne discuss AAPL as its earnings are to be released today, May 4th, postmarket. Its adjusted EPS is estimated at $1.44 and its revenue is estimated at $93.32B. They talk about how APPL has spent $572b on share repurchases and the iPhone 14 will be in focus. AAPL is up over 33% from its 52-week low. They note that earnings numbers could surprise to the upside. They compare AAPL to Qualcomm (QCOM) who released worse-than-expected earnings. Alex then demonstrates an example trade using AAPL. The trade type is sell iron condor and the direction is neutral (range bound). Tune in to find out more about the stock market today.