Here are some of the stocks the Yahoo Finance team will be watching for you today:
Apple (AAPL) is set to deliver quarterly results after the close. The tech giant may report its third consecutive quarter of declining iPhone sales. Earnings may also fall year-over-year for the third time. But if Apple’s profits beat analyst expectations, the broader stock market could rally because Apple has the biggest market value of any company in the S&P 500. Investors are also eager to hear about sales of the iPhone 7, which was introduced in September and won’t be reflected significantly in today’s earnings report. They also want to know if Samsung’s troubles with the Galaxy Note 7 are boosting sales of iPhones.
Caterpillar (CAT) forked over earnings that topped analysts’ estimates, but revenue fell short of forecasts. Revenue fell more than 16% from a year ago. The company also cut its outlook for the year as it sees economic weakness in the global economy persisting.
General Motors (GM) posted earnings and revenue that raced past analysts’ estimates last quarter. GM notched record revenue, profit more than doubled from a year ago thanks to strong SUV and truck sales in the US and continued strength in China
Procter & Gamble (PG) reported better-than-expected earnings and revenue for its fiscal first quarter that ended September 30th. P&G benefited from cost cuts and solid demand for baby and home care products.
Merck (MRK) delivered a beat on both its top and bottom lines for the third quarter. Profit jumped nearly 20% from a year ago, driven largely by strong demand for its new cancer drug Keytruda.
Twitter (TWTR) is reportedly preparing for a major round of jobs cuts. The layoffs could affect 300 people, or about 8% of the company’s staff. That’s according to Bloomberg. The announcement could come before Twitter reports third quarter results on Thursday. Twitter stock has been on roller coaster ride recently due to speculation that it may be bought.
