(AP:NEW YORK) Apple says its growth slowed in the most recent quarter, disappointing investors who thought its progress was unstoppable.
In both revenue and net income, Apple Inc. posted the smallest increases in years for the April to June period, failing to meet analyst expectations.
Net income in the fiscal fourth quarter was $8.8 billion, or $9.32 per share. That was up 21 percent from $7.3 billion, or $7.79 per share, a year ago. Continue reading "Apple Earnings Miss"
(RTTNews) - Stocks moved notably lower over the course of the trading day on Tuesday, adding to the steep losses posted in the previous session. Worries about the financial situation in Europe once again contributed to the weakness on Wall Street.
The major averages regained some ground going into the close but still ended the day firmly in the red. The Dow fell 104.14 points or 0.8 percent to 12,617.32, the Nasdaq dropped 27.16 points or 0.9 percent to 2,862.99 and the S&P 500 slid 12.21 points or 0.9 percent to 1,338.31. Continue reading "Europe Worries Lead To Another Sell-Off On Wall Street"
I see analysis popping up out there refuting the bearish Descending Triangle view and in my opinion that is with good reason; it looks a lot more like a massive consolidation of previous bullishness than a topping pattern.
However, a common theme seems to be some kind of static about a QE3 'Super Sunday' (don't hold your breath) or some such noise and gold's imminent and preordained blast off, never to return to current levels as the 'banksters' take it higher and higher.
A theme seems to be that now is the time to be bullish but I have also read within the same theme that we cannot be sure that the 'banksters' will not crash gold through support first, to totally eliminate the little guy before bringing it higher. Continue reading "Just another simple chart of a monetary relic"
Do you think stocks are going to go higher or lower for the year, or end 2012 pretty much where they are today? We would enjoy hearing from you with your comments and votes.
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Adam
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 24th of July.
After the close today, Apple reports its earnings for Q2 and expectations as always, are very high for Apple. Should Apple just meet those expectations, we think it will be a negative for the market. Should Apple exceed those expectations wildly on the upside, then we think it will give a bump to the tech sector, but it will be temporary. People are not buying iPhones right now as everyone is waiting for the new iPhone 5 to make its debut. The iPhone 5 is scheduled to come out later this year.
Cyclically we see the general market under pressure and to the downside for the balance of the year. Continue reading "Daily Video Update: Can Apple save the market?"
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