What to expect when tech behemoth Apple reports quarterly earnings this week

Published Mon, Jan 29 202411:41 AM ESTUpdated Mon, Jan 29 202411:52 AM EST

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. U.S. stocks were mixed Monday to kick off another busy earnings week. The S & P 500 and blue-chip Dow edged lower, while the tech-heavy Nasdaq notched small gains. Big Tech is on deck to post quarterly results, with Club holding Microsoft reporting first on Tuesday. Apple , Meta, Amazon and Alphabet follow suit on Thursday. Jim Cramer said markets are facing a muted day as investors pause ahead of these results. He added that traders are also awaiting the Wednesday releases of the Federal Open Market Committee's minutes and the Treasury's quarterly refunding announcement. 2. Investors shouldn't be surprised if Apple earnings aren't stellar, Jim said. Shares have underperformed compared to its mega-cap peers in 2024 — bogged down by cautious analyst reports since the start of the year. "Apple isn't [about] the numbers," he added. "It's the guidance for next quarter." The Club's "own it, don't trade it" stock could see some weakness on the Thursday release. Still, this doesn't change our bullish stance on Apple, given the company's solid fundamentals and diverse revenue channels. 3. Medical device maker Abbott Labs was added to the portfolio on Monday. After a roughly 2% pullback on the healthcare stock since the firm's Jan. 24 earnings release, we're pulling the trigger on this Bullpen name. Abbott has premier diabetes franchises, best known for its glucose monitor. Although some analysts thought this success would be disrupted by GLP-1s — medications used for weight loss and Type 2 diabetes — studies have show patients have better results when used in combination with Abbott's offerings. "We think it's time to appreciate [Abbott] again for all the growth and innovation that's happening here," Jim said. (Jim Cramer's Charitable Trust is long AAPL, META, AMZN, GOOGL, MSFT, ABT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.