Apple and Amazon Report After the Bell Tonight

Could the consumers credit card delinquency have an effect on Apple and Amazon?

Apple and Amazon will report earnings after the bell this afternoon.

Apple is expect to report the following:

• EPS Normalized Estimate $1.19

• EPS GAAP Estimate $1.19

• Revenue Estimate $81.80B

Apple is one of the largest held stocks within index funds and mutual funds. A lot rides on Apples earnings as we are seeing the consumer slow its spending. Could Apple be feeling the effects of the consumer? I expect so.

Apple has shown weakness this week. We possibly will see a pull back towards $165 if earning, especially guidance is not strong.

Amazon is heavily dependent on the consumer. Amazon is expect to report the following:

• EPS Normalized Estimate $0.34

• EPS GAAP Estimate $0.34

• Revenue Estimate $131.34B

Amazon could be feeling the effect of the rise in consumer credit card delinquency.

A pull back towards $112 could be spurred on by the slowing consumer spending.

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