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Mohit Oberoi

Apple Stock: Buy or Sell Ahead of This Week's Earnings Report?

Apple AAPL Warren Buffett Harsh Kumar Meta Tim Cook China Baird India

Apple (AAPL) is scheduled to report its fiscal Q3 earnings after the close this Thursday, Aug. 3. The stock has soared 48% this year, which has lifted its market cap above $3 trillion - and investors should keep a close eye on the upcoming earnings to gauge whether the Cupertino-based company can back up its bullish price action with an equally impressive financial performance.

Apple’s earnings arrive toward the end of the reporting season, and along with Amazon (AMZN), the company's results will wrap up this round of quarterly earnings for FAANG companies. The results have been a mixed bag so far, as Netflix (NFLX) disappointed markets with its Q2 earnings, while Meta Platforms (META) and Alphabet (GOOG) posted better-than-expected earnings.

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