market analyst: Read The case for the Fed to keep an interest-rate hike on the table revolves around financial stability Markets are convinced that the Fed has their back, but while caution rules at the U.S. central bank it might be difficult to say anything that will fire up the enthusiasm of equity investors, Chris Beauchamp, chief market analyst at IG, told clients, according to Market Watch. For now, though, the enthusiasm is all about Apple AAPL, -0.65% which may regain its status as a 1 trillion company, after forecast-beating results and upbeat revenue targets. Of course, it remains to be seen if the Federal Reserve can avoid spoiling the mood when the central bank makes a policy announcement later, with a press conference by Chairman Jerome Powell in the spotlight. Read Apple is optimistic and it isn't because of the iPhone That brings us to our call of the day from the founder of the venture-capital firm Loup Ventures, Gene Munster, who cautions investors against underestimating Apple's ability to pull off future earnings success. Doubts on what Apple could deliver have been in part due to the dark picture of smartphone demand painted by some rivals. This story could be a 350 stock over the next couple years, and I think they are going to surprise people on this earnings power, he told CNBC late Tuesday.
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Tagged under market analyst, forecast-beating results topics.