Trending tickers: Apple | Amazon | Barclays | Tesla

Apple (AAPL)

Apple shares have slumped for six sessions straight now, leaving the iPhone maker in its longest losing streak in nearly 21 months.

Dragging the share is Taiwan based Foxconn, the world's biggest assembler of Apple iPhones. The key supply-chain partner is facing a probe into its tax affairs by officials in China.

Apple shares were in the red yet again this session, on track to fall for a seventh straight session.

"Legal compliance everywhere we operate around the world is a fundamental principle of Hon Hai Technology Group (Foxconn)," the company said in a statement.

"We will actively cooperate with the relevant units on the related work and operations," it added.

Foxconn’s founder, Terry Gou, announced in August he would run as an independent leadership candidate in Taiwan’s 2024 presidential election, leaving many questioning if the probe is politically motivated.

Amazon (AMZN)

In a big week for earnings on Wall Street with around a third of the Dow Jones industrial average reporting third quarter numbers, Amazon on Thursday will be the last of the Big Tech to report.

Amazon shares were up this session, ahead of the results announcement. Looking at its performance this year, the e-commerce company’s shares have risen almost 50%.

Read more: Google 'democratising AI' for non-expert app creators

There are fears about the impact of rising bond yields on consumer spending amid uncertainty on wether the Federal Reserve is done with interest rate hikes but investors remain optimistic.

The e-commerce giant is projected to post an 11.3% rise in revenue on Thursday, boosted by strong retail sales.

Goldman Sachs has kept a Buy rating on Amazon shares with a price target of $175, suggesting potential growth of around 40%.

Barclays (BARC.L)

Barclays shares are in the red ahead of the bank’s third quarter results that will be revealed this Tuesday.

Investors will be looking to see in particular what investment banking looks like for Barclays.

It has been a volatile ride for Barclays this year, with shares in January trading at around 148p before peaking at 161p in September. From there on out shares have struggled again and are currently trading at 144p.

“Barclays’ shares have traded in a very wide range over the past twelve months and overall they have eked out a very modest gain, despite worries over the mortgage market, the UK economy more widely, and also how the investment bank is doing, amid a dearth of real new flotation or merger and acquisition activity, at least so far as UK equities are concerned,” said Russ Mould and Danni Hewson, AJ Bell’s investment director and head of financial analysis.

The headline number to watch is pre-tax profit and analysts are estimating £2bn for the third quarter.

“That is basically flat against both the second quarter of this year and the third quarter of 2022,” Mould and Hewson added.

The earnings season for UK banks will kick off this week, with all four major banks scheduled to report.

Tesla (TSLA)

Tesla have made it into positive territory as it recovers from its worst week of 2023 after disappointing third quarter earnings and Elon Musk’s earnings-call nightmare.

Shares bounced back by 1% to $214 following a 15% drop last week as the electric-vehicle juggernaut failed to meet estimated earnings and sales goals for the quarter.

Read more: The best and worst UK banks for current and savings accounts

“Tesla failed to deliver the goods with its latest quarterly earnings, putting a downer on the US reporting season which is now in full swing. The company missed expectations on margins, earnings and revenue,” AJ Bell’s Mould said.

“Tesla cut prices earlier this year to stimulate demand, but it might need to go further if it wants to get more of its vehicles on the road. Intense competition in the electric vehicle industry and a more cautious consumer have made Tesla’s life much harder,” he added.

On an earnings call to discuss the Q3 results, CEO Elon Musk threw cold water on shareholders’ expectations for Tesla’s long-delayed Cybertruck.

“We dug our own grave with Cybertruck,” he told analysts. “We have to make it, and we need to make it a price that people can afford, insanely difficult things.” High-interest rates, he said, will make it “that much harder for people to buy the car. They simply cannot afford it.”

For the period ending Sept. 30, 2023, Tesla reported $23.35bn in revenue and $1.85bn in profits, a drop compared to the previous quarter.

Watch: Apple Supplier Foxconn Working With China on Probes

Download the Yahoo Finance app, available for Apple and Android.