Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

Apple Earnings: What We're Watching

Apple (NASDAQ:AAPL) reports tonight. We expect a strong earnings report but the key metric may be iPhone units.

iPhone units accelerated on a one-year basis last quarter but actually slowed on a two-year basis.

iPhone being the most important driver to the overall business forces analysts to watch this key metric.

Here's the last few quarters iPhone unit data.

Fiscal 2017 2017 2017 2018 2018
Calendar 2017 2017 2017 2017 2018

Mar Jun Sept Dec Mar

Q2 Q3 Q4 Q1 Q2A
iPhone Units 50763 41026 46677 77316 52217
Growth -0.8% 1.6% 2.6% -1.2% 2.9%
2-year gr -17.2% -13.5% -2.7% 3.5% 2.0%

You see last quarter's pick up to 2.9% but adding up the last two year's growth rate the trend slowed from Q1. We look at the two year because you can catch an underlying trend that cancels out one-timers from a year ago.

Comparisons get tougher now also. June last year was up 1.6% versus March -.8%. So this year's June growth number gets a little tougher to come by when lapping higher year-ago numbers.

We'd expect a good guide because iPhone was late last year and hopefully won't be this year.

Net net we'd expect a good report but the key to watch is the iPhone unit trajectory.

Looking For Earnings Home Runs

We spoke to the top tech companies over the last few months to identify what tech stocks have home run earnings potential. Earnings are what drives stocks, especially tech stocks. Finding those few tech stocks that have realistic earnings trajectories way above the Street can give you conviction to see a stock through to big upside. Dip your toe in the water with a free trial.


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We have no holdings in the stocks mentioned unless otherwise noted.

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