Apple targets earnings boost ahead of key reports

On April 29, 2025, in the United States, the earnings season is in full swing with major tech companies preparing to report their quarterly results. Among them, Apple is one of the most anticipated earnings reports, as analysts are observing various factors that could positively impact its stock price. A prominent analysis from Todd Gordon of Inside Edge Capital indicates a bullish setup for Apple, based on a thorough examination of its decade-long charts and recent price movements. Gordon points out that on the weekly chart, the stock has consistently defended its bullish trend, which is highlighted by its interaction with the 200-week moving average. Gordon also describes how Apple's stock price is currently positioned above key resistance levels. Specifically, he notes that after a turbulent period due to tariffs, the stock has managed to poke above the red parallel channel resistance, which he sees as a bullish sign. As Apple prepares to report its earnings by Thursday, it is crucial to note the upcoming challenges, including the daily moving averages that might affect the stock’s performance in response to the earnings report. In addition to technical factors, Gordon emphasizes the importance of fundamental analysis. He notes that Apple has significant exposure to international sales, which could lead to favorable results due to the recent decline of the US dollar. Since the start of the year, the US dollar has decreased by approximately 6.3%, which tends to benefit companies like Apple when bringing revenues back to the US. This situation draws a contrast with other companies, like Spotify, which has seen its earnings negatively affected by a stronger euro. While there are expectations for strong sales, particularly following the introduction of new features in the iPhone 16, Gordon remains cautious about the overall market environment and the role of tariffs. The assessment proceeds with a strategic approach, as Gordon plans to engage in options trading alongside purchasing shares, demonstrating an adaptive strategy that reflects his broader market outlook. Overall, these analyses and projections underscore the significance of the upcoming earnings report as a potential catalyst for Apple’s stock direction.