Apple is such an interesting investment conundrum. They're cheap, but it isn't necessarily going to work out. Their current markets are commoditized at this point and they need to find a way to diversify into new markets. I wonder when that $200B cash account will be put to use for new ventures. On another note, CPI came in hot and other economic figures were rosy this morning. Clearly means a sell-off today as everyone speculates about the Fed getting eager for a second rate hike lol.
I do not think we will see a sell off today. I have this gut feeling that we shall end this day green.
Home Depot Inc. (NYSE:HD) shares rose over 2.5% during the pre-market hours today, after the company announced first quarter of fiscal 2016 (1QFY16) earnings results. It reported earnings per share (EPS) of $1.44, which topped the Street’s estimate of $1.36. Net revenue of $22.76 billion also surpassed the analysts’ $22.39 billion expectation. The home improvement retailer also disclosed that same-store sales (SSS) rose 6.5% for the period, whereas SSS in the US were up 7.4%. Chairman, CEO, and president Craig Menear stated: “We were pleased with our stronger-than-expected start to the year, driven by solid execution and broad-based growth across the store. […]This was made possible by our hard working associates and their continued dedication to our customers in a quarter marked by week-to-week demand spikes, caused by weather variability.” http://www.bidnessetc.com/69082-hom...t-earnings-outlook-baird-comments-positively/
From a team member but relevant to the discussion on $AAPL, Buffett, and Soros: Tech Trader has bought $AAPL shares today ironically one day after mentioned on TT Wall. Berkshire does not make it public at what price they accumulated the $1 billion of Apple shares but since they have 9.8 millions shares it appears their average price was around $102. On a side note there was an article today that George Soros doubled his put bet on SPY to control $2.1 million ETF. But anyone who trade options realized that is only about 21,000 puts which at an average price of $5 (this is a guess) is only $10 million. So basically a multi billions dollar fund buys $10 million worth of puts. That would hardly make it a bearish bet. It appears more like a hedge. https://www.techtrader.ai/wall/?date=1463465925&post=9439
Still watching? lol It touched $4.98 today... $0.36 to here in 7 days... close to 1280%gain in 7 days ... Unbelievable. Makes me wonder if there are still people holding from $.36
well if you ignore the first hour the transports didn't do well either. Rapid 200 test. It's been a weak performer of late.
