“Stocks snapped back for their first gain in three days, with health-care, industrials and materials shares leading the charge,” Jonathan Cheng reports for The Wall Street Journal. “The Dow Jones Industrial Average advanced 61.66 points, or 0.5%, to 13390.51, with Boeing bouncing back to lead Dow components. The Standard & Poor’s 500-stock index added 3.87 points, or 0.3%, to 1461.02, while the Nasdaq Composite Index advanced 14 points, or 0.45%, to 3105.81.”
“European markets traded broadly higher. The Stoxx Europe 600 gained 0.7% to its highest level in nearly two years, and the U.K.’s FTSE 100 added 0.7% to its highest closing value since May 2008. In Asia, Japan’s Nikkei Stock Average climbed 0.7%, with a decline in the yen helping underpin exporter shares, and Australia’s S&P/ASX 200 added 0.4%,” Cheng reports. “In other corporate news, Clearwire advanced 21 cents, or 7.2%, to 3.13, after the wireless-broadband company received an unsolicited buyout bid from Dish Network that would value the company at about $4.85 billion, topping an earlier offer from Sprint Nextel. Dish rose 88 cents, or 2.5%, to 36.85, while Sprint pulled back nine cents, or 1.5%, to 5.88.”
Cheng reports, “Apple lost $8.21, or 1.6%, to $517.10, after The Wall Street Journal reported the technology company was working on a less-expensive version of the iPhone amid increased competition.”
Read more in the full article here.
Earnings coming. I believe earnings will be good but not great (overall). However I believe guidance going forward will not be enough to raise the stock price.
They keep pushing Apple’s stock down with a $750 one year target price for a 45% gain this year. The crap going up is the stuff to be dumped.
• Microsoft … UP (Yet loosing market share and not really in smartphones or tablets.)
• Intel … UP (Yet loosing market share and not really in smartphones or tablets.)
• Seagate … UP (Yet loosing market share and not really in smartphones or tablets.)
Anyone see this push up for no reason yet? Nope! They just keep pushing the crap to dump it later.
Eyes have they but they are blind
Ears have they but they are deaf
They keep pushing Apple’s stock down with a $750 one year target price for a 45% gain this year.
MDN – would you care to share how many times bigger Apple shares were than Dell’s back in September and how may times bigger they are now? It has been a while since you gave an update…quite a change I would say!
Who the hell is Dell?
27 times at this point
Okay all you AAPL longs: I’m taking a bullet for the team and changing my ever-losing long position to a short, so as the stock starts its long ascent starting tomorrow, don’t forget to thank me…
Thanks, Ben. I hope that you have covered shorts, else you may lose your shorts with naked shorts.
I agree with Jersey_Trader. The real performer gets knocked down while all the losers including Google and more get there stock going up? I don’t understand what the Anal-ists want from Apple. Record profits including the last one and most definitely this one and yet they hammer on the stock for know fucking reason!
My impression is that the AnalCysts and manipulators got burned this last time they played games with Apple’s price. There was no rebound specifically because just about everyone is sick of getting burned from what they at last figured out are blatant, fraudulent manipulations of Apple. Therefore, the stock has been tossed on some forgotten burner on the stove.
And yet Apple brilliantly succeeds, rising to ever greater profits and innovative success.
IOW: Buy away kids. Once the DayTraderTards get burned from all this new, current blatant stock price manipulation, they’ll head back again to good old reliable Apple with their tails between their legs. Poor little puppies, boohoo. 😥
I have no interest in the analysis of money. That’s for others with much more experience and patience than I. It’s like getting on a scale- if I’m fat, I’m not impressed by a low number.
Apple is extremely valuable and a great company, no matter the stock price.
The buzz from CES is google, google, Samsung, google, google, Microsoft, google etc.
APPL needs a presence at CES now. They have to fight the Lie Machine. You cannot trust what passes for journalists to examine any of the statements for veracity. APPL needs a presence at these huge events. I can’t believe the crap these “journalists” spout. They are just reading press releases.
But thus has it always been!
You’ve forgotten the dire old days of cutsy kiss-kiss Microsoft Luv-Fest the TechTard journalists used to have with decrepit Microsoft?
Politicians and Tech Analysts: Both equally as incapable of insight, leadership or sanity, as a rule. (And all rules have exceptions, of course).
You are wrong!
According to CNET , Apple have the biggest event at CES 2013:
http://ces.cnet.com/8301-34441_1-57563096/top-new-iphone-5-cases-at-ces-2013/
Apple needs to expand.
Either buy Tesla (and rip out the 17 inch touch screen and replace with two iPad minis) OR create an Apple Electric car company. The symbiotic relationship between Battery power and communication and control between the two industries is too ripe to ignore.
Start an Apple Bank within each store following rules and regulations of each country. This will give the wall street shysters and banking industry kittens.
Then let’s see the stock rocket.
Please be joking. I got to watch Kodak go that route, blowing their dough on incoherent acquisitions and projects.
A better idea would be to create an Apple Corporate Culture University for the public at large. There are damned few companies these days that comprehend how to do business right. As I often rant, an MBA these days is equivalent to being The Scarlet Letter. It represents the dying OLD SCHOOL way of doing business that drove our ‘global economy’ into the deep and rocky ditch. Warning. BizTards at work.
Notice how Apple did nothing but THRIVE throughout this entire ongoing worldwide economic depression.
It’s off to the The Apple School for you world! 😉
All Apple has to do is keep on keeping on. Keep making tons of money. The mother of all short sqeezes is coming soon.
So many on this site are experts at what AAPL needs to to to be successful. How many of you experts are running your own multi billion dollar companies? Right, I thought so.
Every day, I look smarter and smarter. WSJ reflects the Street’s belief that Apple is in panic mode – doesn’t know what to do with the reality that inferior products are overtaking the company’s dominance of the gadget world. Just as I predicted, the colossal blunder was abandoning the serious computer market for a bunch of kids looking for the latest toy. A bunch of kids is a very high risk customer base. Now, Apple is paying the price and AAPL owners are getting the shaft. Tim Cook has got to go.
And just the other day one look at Apple’s iPhone business — all by itself — put it at the 95 slot in the Fortune 500. Have you bothered to look at what these “toys for kids” have done to Apple’s bank balance?
Biggest company in the world in market share, reinvented multiple product segments, most profitable stores by far and shortly to be the first company to post 50B revenue.
Problem is no one including yourself is able to recognize success anymore. Wake up sunshine.
Correction 50B earnings
The best event at CES, according to CNET:
http://ces.cnet.com/8301-34441_1-57563096/top-new-iphone-5-cases-at-ces-2013/
See how ridiculous it is !!! Look at amazon !! Look at Google !! Look at the money cow – Apple !