Tuesday's Big Stock Stories: What's Likely to Move the Market

As the trading week comes to a close, several significant stock stories are likely to influence the market in the next session. Here's a rundown of the key events and data points that could shape Tuesday's trading activity.


1. Apple's AI Rollout: Apple (AAPL) is set to report its fiscal fourth quarter earnings on Thursday, October 31, amidst a busy week of tech announcements. The iPhone maker launched its Apple Intelligence features on Monday through its iOS 18.1 software update. Investors are looking to see if the newly revealed Apple Intelligence will have a noticeable impact for the tech company. TECHnalysis Research president and chief analyst Bob O'Donnell joins Asking for a Trend to discuss the potential of Apple's AI features and their long-term implications for the company's earnings.
2. Asian Stocks Set to Rise: Asian stocks are poised to rise with the US election in focus. The markets are expected to react positively to the outcome of the election, with investors anticipating a more stable political environment. This could lead to increased investor confidence and higher stock prices in the Asian region.
3. Apple Intelligence Launch: Apple Intelligence launched on Monday, but the rollout is just a glimpse of how Apple hopes to transform its products with artificial intelligence. The tech giant unveiled initial features of Apple Intelligence — its suite of AI tools — on select devices with its latest software update for iPhones, iPads and Macs. With Apple Intelligence, the company is implementing its first set of generative AI tools that aim to change how people use their iPhones and cement Apple’s stake in the AI race against competitors like Microsoft and Google.
4. Apple's Earnings Preview: Apple (AAPL) will report its quarterly earnings on Thursday. Shares of Apple on Monday closed at $233.40, a gain of $1.99, or 0.86%. Analysts are expecting strong earnings results, with estimates for EPS ranging from $1.40 to $1.50. The company's earnings report will provide insight into the company's performance in the quarter and its outlook for the future.


These stories and data points are likely to shape Tuesday's trading session, as investors react to the latest news and adjust their portfolios accordingly. As always, it's important to stay informed and make investment decisions based on thorough research and analysis.